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The DGFT vide Trade Notice No. 38/2021 dated 15 January 2021 has introduced online e-PRC System for application seeking Policy / Procedure relaxation. Presently, the applications for seeking policy / procedure relaxation are being filed in manual form. As a consequence, rest of the process also happens in manual mode and takes time.
In respect thereto, the DGFT, a part of IT Revamp, has decided to introduce a new module (online e-PRC System) for seeking policy / procedure relaxation. Accordingly, it has been provided that all exporters / importers seeking relaxation of FTP provisions are required to submit their application electronically only. It has been further provided that physical copies of the applications seeking policy / procedure relaxation received after 25 January 2021 would not be acted upon by the Directorate. The DGFT has further informed that physical copies of applications seeking policy / procedure relaxations submitted after 25 January 2021 will not be acted upon.
The DGFT has also provided the path for the entire process on the DGFT portal which has been designed to be paperless and contactless.
The information provided in this update is intended for informational purposes only and does not constitute legal opinion or advice. Readers are requested to seek formal legal advice prior to acting upon any of the information provided herein. This update is not intended to address the circumstances of any particular individual or corporate body. There can be no assurance that the judicial/ quasi judicial authorities may not take a position contrary to the views mentioned hereinrra quis.
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