FHRAI takes legal action seeking relief for hospitality sector from DGFT
In 2007-08, DGFT introduced an additional condition under the Export Promotion Capital Goods (EPCG) Scheme, mandating stringent foreign exchange earning criteria, including maintaining a 3-year average past performance. This condition has led to substantial declines in foreign contribution, impacting the hospitality industry's ability to comply with the secondary condition of maintaining performance averages
In 2007-08, DGFT introduced an additional condition under the Export Promotion Capital Goods (EPCG) Scheme, mandating stringent foreign exchange earning criteria, including maintaining a 3-year average past performance. This condition has led to substantial declines in foreign contribution, impacting the hospitality industry's ability to comply with the secondary condition of maintaining performance averages
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