New Delhi, March 7 -- The Directorate General of Foreign Trade (DGFT) has announced a facilitation measure for exports by extending the Export Obligation (EO) period for certain export promotion schemes, an official statement said here today.
DGFT has provided for automatic extension of the Export Obligation (EO) period or Block-wise EO fulfillment period up to August 31, for specified Advance Authorisations and Export Promotion Capital Goods (EPCG) Authorisations where the EO period is expiring between March 1 and May 31.
The step has been taken due to prevailing geopolitical developments impacting global shipping routes, logistics corridors and international supply chains.
The 'EO period' refers to a mandatory timeframe, typically 18 m...