The government has extended the deadline for meeting export obligations under specific export promotion schemes to August 31, 2026. This extension aims to assist exporters who are encountering challenges due to disruptions in global trade and shipping routes. The Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce and Industry, made this announcement through a public notice.
Amid ongoing geopolitical developments impacting global shipping routes, logistics corridors, and international supply chains, exporters with certain Advance Authorisations and Export Promotion Capital Goods authorisations will benefit. Those whose export obligation period falls between March 1, 2026, and May 31, 2026, will receive an automatic extension. They now have until August 31, 2026, to fulfill their export obligations without the need for a separate application or payment of a composition fee.
This move is designed to provide exporters with increased operational flexibility during a period marked by disruptions in international trade and logistics. The relaxation applies to various types of authorisations, including Advance Authorisations for Annual Requirement and Special Advance Authorisations, as well as those issued under the Export Promotion Capital Goods Scheme. Additionally, the government emphasized that this extension supplements the existing provisions in the Foreign Trade Policy and the Handbook of Procedures, which allow exporters to request extensions in the export obligation period by paying the prescribed composition fee.
