New Delhi, Sep 2 (UNI) The Government today said that it has extended the export obligation period from existing six months to 18 months for quality control orders (QCO) products notified by the Department of Chemicals and Petrochemicals (DCPC) under advance authorization.
Stating that the chemical industry has warmly received the decision by the Directorate General of Foreign Trade (DGFT), the Department of Chemicals and Petrochemicals (DCPC) in a statement said that the time frame offers a substantial buffer to the industry.
Products covered under a QCO must bear the Bureau of Indian Standards (BIS) Standard Mark, which is obtained by obtaining a BIS license or certificate of conformity (CoC).
“This follows a similar adjustment for QCOs notified by other ministries, such as textiles, where the period was also extended to 18 months. This measure extends essential support and flexibility to exporters dealing with chemicals and petrochemicals across India. The move is poised to simplify trade processes and elevate the global market edge of Indian goods,” said the statement.
Through the Advance Authorization Scheme, importers can bring in duty-free raw materials for export production without adhering to QCOs for those inputs, ensuring a steady flow of export operations. A significant number of these authorizations cater to the chemical sector, emphasizing the value of this policy shift, it further added.
As per the government data, in 2024-25, the sector’s export contributions reached USD 46.4 billion, which is 10.6% of the total export value of the country.
The Department in the statement further said the move aims to ease financial pressures from input costs, guarantee raw material availability, and fortify the competitive position of Indian chemical products worldwide.
