Circular No. ES/125/2021-22 6th August, 2021
To: Members of the Council
Sub: Online Procedure for transfer of Advance Authorisation/EPCG Authorisation in case of amalgamation/de-merger/acquisition etc.
O/o DGFT has issued Trade Notice No. 14/ 2021-22 dated 4th August, 2021 regarding the online procedure for transfer of Advance Authorisation/EPCG Authorisation in case of amalgamation/de-merger/acquisition etc.
In continuation to Public Notice 34/2015-2020 dated 24.12.2020, it is stated that in case of amalgamation/de-merger/acquisition/insolvency, the export obligation(s)/contingent liability(s) are required to be transferred from the earlier entity to the new entity as required under the related laws and rules on the amalgamation/de-merger/acquisition/insolvency process.
Accordingly, an online procedure is being notified to provide for online filing and transfer of Advance Authorization(s) and EPCG Authorisation(s) from the earlier entity to the new entity(s).
The detailed steps are presented as follows for perusal –
In case of any difficulty, in implementation of these provisions, members may kindly contact this Directorate immediately. For guidance on these new processes, the Help manual & FAQs may be accessed on the DGFT Website >>> Learn >>> ‘Application Help & FAQs’. For any further assistance, members may utilize any of the following channels —
Members may kindly make a note of the above.