India extends EPCG and Advance licence deadlines for exporters
Change
India automatically extended authorisations under the Advance and Export Promotion Capital Goods schemes that were set to expire between March 1, 2026 and May 31, 2026, and granted the extensions without any composition fee.
Why it matters
The extension removes the immediate requirement to pay composition fees or apply for separate deadline relief for affected licences, reducing compliance costs for exporters. It relaxes enforcement of export-obligation deadlines for those authorisations, allowing firms delayed by international shipping disruptions to avoid penalties in the specified window.
Implications
- • Exporters holding Advance and EPCG authorisations expiring March 1–May 31, 2026 must record the automatic extension in their compliance files instead of submitting composition fee payments to obtain relief.
- • Export compliance officers at manufacturing and exporting firms must adjust their export-obligation tracking and halt any penalty-recovery processes for the affected authorisations.
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Source
Topics
Policy & Regulation Trade & Tariffs Regulatory Actions Compliance