- DGFT has reduced compliance requirements for export obligation fulfillment
- Changes made to chapter 5 of export promotion capital goods scheme procedure handbook
- Authorisation holder must now submit export obligation report on expiry of first block period
- Report submissions remain online, but documents required have changed
- Certification of report by chartered accountant, cost accountant, or company secretary now required
- Previous requirements of submitting shipping bill, GST invoice number, export date, and description of service/product removed
- Regularisation fee for delayed submission also removed in revised provision
Source: a2ztaxcorp.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
