DGFT Simplifies Composition Fee for Export Obligation Extension Under Advance Authorization Scheme
News 18The Directorate General of Foreign Trade, under the commerce ministry, has notified the amended rules for the calculation of the composition fee for extending the export obligation under the Advance Authorization Scheme. “The simplification of calculations for the composition fee helps in automation and faster service delivery by making the process more efficient and easier to understand. It added that this will help automate the entire export obligation extension process with minimal human intervention, further eliminating the risk of errors and misconceptions. Simplification of calculations also helps in the ‘Ease of Doing Business’ objective by reducing the complexity and making the process more straightforward for exporters,” according to the DGFT notification.
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