The DGFT vide Public Notice No. 13/2015-2020 dated June 09, 2022 has issued amendments in Para 5.15 to Chapter 5 of the Handbook of Procedures 2015-20 (“HBP”) [i.e. Export Promotion Capital Goods (“EPCG”) Scheme] so as to extend the last date for filing of the annual report for the year 2022-23 from June 30, 2022 till September 30, 2022. Further, clarified that imposition of penalty of INR 5000/- for late filing of annual returns is applicable from 2022-23.
In exercise of powers conferred under Paragraph 1.03 of the Foreign Trade Policy (FTP) 2015-2020, as amended from time to time, the Director General of Foreign Trade hereby makes the following amendments in Chapter 5 of the Handbook of Procedures (2015-20) with immediate effect. These amendments are applicable for EPCG authorizations issued under FTP-2015-20.
The following sentence is added at the end of existing para 5.15 of Handbook of procedures.
“Time limit to file returns for the year 2022-23 is extended till September 30, 2022. Late fees of Rs. 5000/- under this para is applicable for the returns due to be filed from the year 2022-23 onwards.”
Effect of this Public Notice: Extension of last date for filing of annual returns under Para 5.15 of HBP 2015-20 along with a clarification that imposition of penalty of Rs. 5000/- for late filing of annual returns is applicable from 2022-23.
The Public Notice can be accessed at: https://content.dgft.gov.in/Website/dgftprod/c4a9f674-0a45-4d62-a1ee-51b5d022c03d/PN%2013%202015-20%20DT.%2009%20June%202022.pdf
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