Relief to Exporters: DGFT reduces Export Value Addition Shortfall Deposit from 3% to 1% [Read Notification]
By reducing the composition fee, the DGFT paves the way for ease of doing business and reducing compliances
By Navasree A.M - On July 18, 2024 2:04 pm - 2 mins read
The Directorate General of Foreign Trade ( DGFT ) has recently announced an amendment concerning the deposit requirements for exporters failing to meet minimum value addition criteria. The deposit has been reduced from the deposit from 3% to 1%. In a public notice dated July 16, 2024 (Public Notice No. 14/2024-25), DGFT has revised Para…
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