Export Obligation Discharge Certificates Increase Significantly

Export Obligation Discharge Certificates Increase Significantly.webp

New Delhi, April 1 The commerce ministry said on Wednesday that a total of 12,690 export obligation discharge certificates (EODCs) were approved in March, compared to 3,747 in February.

These certificates are crucial instruments for the formal closure of export obligations.

They enable the release of bank guarantees and bonds, reduce the burden of grievances on exporters, and ensure effective compliance monitoring under India's trade facilitation framework.

The ministry said that the Directorate General of Foreign Trade has successfully concluded a time-bound special campaign for the expeditious issuance of these certificates under the Advance Authorisation and Export Promotion Capital Goods (EPCG) schemes.

The campaign was conducted from March 1, 2026, to March 31, 2026, and was monitored through daily review meetings chaired by senior DGFT officials.

"A total of 12,690 EODCs were approved in March, compared to 3,747 in February, representing a more than threefold increase of 3.39 times," it said, adding that by enabling faster closure of export obligations, facilitating the release of blocked bank guarantees, and reducing the grievance burden on exporters, the initiative underscores the government's commitment to fostering an exporter-friendly ecosystem and enhancing ease of doing business.
 
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advance authorisation bank guarantees commerce ministry dgft directorate general of foreign trade eodc epcg scheme export facilitation export obligation discharge certificate export promotion exporter grievance india trade facilitation
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