DGFT Removes Physical Bank Receipt Challan Requirement for Export Obligation Discharge Certificate Applications
Summary
- DGFT has removed the requirement of physical bank receipt challan for export obligation discharge certificate applications
- This applies to Advance Authorization and Export Promotion Capital Goods schemes
- The move aims to facilitate ease of doing business and digitization of trade processes
Key Facts
- · DGFT: Directorate General of Foreign Trade
- · Advance Authorization Scheme
- · Export Promotion Capital Goods Scheme
- · Export Obligation Discharge Certificate
Why it matters
The removal of physical bank receipt challan requirement will simplify the export process, reduce paperwork, and increase efficiency for exporters
#DGFT#Export Import Policy#Ease of Doing Business#Trade Facilitation