New Delhi, Sept. 2 -- 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...