MANU/DGFT/0098/2021

Ministry : Ministry of Commerce and Industry

Department/Board : DGFT

Trade Notice No. : 14/2021-2022

Date : 04.08.2021

Notification/ Circulars Referred : Public Notice 34/2015-2020 dated 24.12.2020 MANU/DGFT/0186/2020

Citing Reference:
Public Notice 34/2015-2020 dated 24.12.2020 MANU/DGFT/0186/2020Referred

To,

1. All Advance Authorisation Holders/EPCG Authorisation Holders/Other Members of Trade
2. DGFT Regional Authorities
3. Export Promotion Councils

Online Procedure for transfer of advance authorisation/EPCG authorisation in case of amalgamation/de-merger/acquisition

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.

2. An online procedure is accordingly 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-

(i) Applicant would request for amalgamation/de-merger/acquisition of IEC by navigating to DGFT Website--> Services--> IEC Profile Management--> 'Request for Merger/De-merger'. The given process is implemented as per Public Notice 34/2015-2020 dated 24.12.2020

(ii) Post approval of the given IEC request, the firm may apply for amendment of each of their AA/EPCG authorizations separately. The request may be submitted on the DGFT Website--> Services--> AA (or EPCG)-> Transfer of Authorisation

(iii) The request for amendment of the Authorisation(s) would be auto-submitted to the concerned jurisdictional RA from the which the Authorisation was issued.