Search: export obligation
2stories
August 2026
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Foreign TradeExport Obligation extension approved by PRC or EPCG Committee will now be issued by the system — no second application to the RA
No second applicationNew facilityTrade Notice 21/2026-27 introduces an automated facility for Advance Authorisation and EPCG cases: once the Committee approves, the exporter pays the fee on the DGFT portal and the extension letter is generated automatically.
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Foreign TradeExport proceeds can be realised in any foreign currency or in Indian Rupees; rupee realisations get FTP benefits — Paras 2.52 and 2.53 amended by DGFT Notification 30/2026-27
Rupee exports get FTP benefitsRule changeDGFT has rewritten Paras 2.52 and 2.53 of the Foreign Trade Policy 2023. Export contracts and invoices (other than with ACU member countries) may be denominated in foreign currency or Indian Rupees, and proceeds realised in either. Exports realised in rupees through rupee accounts of non-residents qualify for export benefits and export obligation, at par with foreign currency.
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