FHRAI sends rep to DGFT to extend EO period for another 6-8 years for past EPCG licenses

The Federation of Hotels & Restaurants Association of India (FHRAI) FHRAI recently sent a representation to Santosh Sarangi, Director General of Foreign Trade (DGFT), to extend the Export Obligation (EO) period under the EPCG Scheme for another 6 to 8 years for the past EPCG licenses where the EO period ended in February 2020 onwards. The association states that it should allow all hotels time to recover and generate foreign exchange to meet their export obligations.