NEW DELHI : The Directorate General of Foreign Trade (DGFT) has reduced the compliance requirements on the fulfilment of an export obligation, which aims to increase the ease of doing business. The DGFT has amended chapter 5 of the procedure handbook on the export promotion capital goods scheme.

Under the recent change in compliance obligations, an authorisation holder must now submit a fulfilment of export obligation report on the expiry of the first block period of four years. Afterwards, they must submit the report continuously till the valid export obligation has expired. Before the . . .