Streamline Policy Relaxation for Exports with IDT Consultants
Navigating Policy Relaxation: A Simplified Guide
The DGFT’s Policy Relaxation Committee (PRC) offers relief from foreign trade policy and procedures for exporters facing genuine hardship. This guide explains the online application process and how IDT Consultants can simplify it for you.
What is Policy Relaxation?
Policy relaxation is an exemption from specific regulations under the Foreign Trade Policy (FTP) granted by the DGFT in cases of genuine hardship faced by exporters.
The Shift to Online Applications
Since January 2021, all applications for policy relaxation must be submitted electronically through the DGFT portal. This eliminates manual applications and streamlines the process.
Steps for Online PRC Application
- DGFT Portal Access: Visit the DGFT website (https://www.dgft.gov.in/CP/) and log in using your company’s IEC-linked credentials.
- Policy Relaxation Section: Under “Services,” navigate to “Policy Relaxation Committee.”
- Application Initiation: Click “Apply for PRC Committee” to start a new application.
- Application Completion: Fill out all mandatory fields, including applicant details, personal hearing preference (optional), and upload required documents.
- Application Fee Payment: Pay the application fee (₹2,000 for fresh applications, ₹5,000 for reviews) electronically.
- Application Tracking: Monitor the application status through your dashboard.
Common PRC Cases
Here are some examples of cases where exporters seek policy relaxation:
- MEIS Benefits for Time-Barred Shipping Bills: Seek benefits for shipments exceeding the stipulated time limit.
- Duty Credit Scrip Grant: Request scrip under the MEIS scheme even if “N” is marked in the scheme reward column.
- Export Obligation Extension: Extend export obligations under schemes like Advance Authorization even if the 50% fulfilment criteria is not met.
- SEIS Scheme Relaxation: Claim the SEIS scheme for a second time in the same year if some invoices were missed.
- Relaxation of Pre-Import Condition: Request exemption from the pre-import condition under Advance Authorization schemes.
Benefits of Using IDT Consultants
IDT Consultants, India’s leading DGFT experts, can simplify your policy relaxation process:
- Expert Analysis: We assess your situation and determine eligibility for policy relaxation.
- Application Expertise: Our team takes care of the online application process, ensuring accuracy and completeness.
- PRC Demands Evaluation: We analyse the PRC’s demands and prepare effective responses.
- Personal Hearing Representation (if required): We represent your case persuasively at personal hearings.
- Maximum Export Incentives: We strive to secure maximum benefits within the policy framework.