Regulatory Alerts2018-11-11
Added · Updated
FEPD Circular No. 32: Extension of time for submission of application for Export Subsidy against export of Software, ITES and Hardware
The Foreign Exchange Policy Department partially amends paragraph 5(x) of FE Circular No. 03 dated February 08, 2018, to extend the deadline for submitting applications for export subsidies on software, ITES, and hardware exported during the 2017-18 fiscal year. Authorized dealer banks are required to accept these applications within 30 days from the date of issuance of this circular, provided the applications could not be submitted within the original timeframe for export value repatriation. This extension applies specifically to subsidies for goods and services shipped or exported in the 2017-18 fiscal year.
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