The Government of India has eased export obligations under the EPCG scheme for sectors where exports declined by over 5 per cent in 2023-24.
Textile products under chapters 60, 61, and 62 saw a drop of up to 93 per cent, prompting relief for exporters.
A DGFT circular directs regional authorities to re-fix annual EO.
Regional offices must review policy circulars before issuing demand notices.