Centre announces one-time relaxation from maintaining average export obligation for certain sectors under EPCG Scheme

The Centre has announced a one-time relaxation from maintaining average export obligation and an option to extend the export obligation period for certain sectors under the Export Promotion Capital Goods (EPCG) Scheme. The sectors that are eligible for this relief are the Hotel, Healthcare, and Educational sectors. For the years 2020-21 and 2021-22, these sectors will not be required to maintain average export obligation for EPCG authorizations issued to them. This relief will help the Hotel, He...