India: Amnesty program for non-compliance of export obligations
One-time amnesty program to address the non-compliance of export obligations
One-time amnesty program to address the non-compliance of export obligations
The government has introduced a one-time amnesty program to address the non-compliance of export obligations by advance authorization (AA) and export promotion capital goods (EPCG) authorization holders.
The program was introduced with the foreign trade policy 2023. Read TradeNewsFlash
KPMG observation
The introduction of the amnesty program will provide relief to exporters unable to fulfill export obligations against AA and EPCG, which will help in reducing litigation.
Read an April 2023 report [PDF 278 KB] prepared by the KPMG member firm in India that provides an overview of the coverage, benefits, process, and other key aspects of the amnesty program.
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