FTP – Public Notice issued for amnesty scheme for one-time settlement of default in export obligation by Advance and EPCG authorization holders [Public Notice attached]
Public Notice No.07/2023 dated 18.04.2023
Key Pointers –
- All pending cases of the default in meeting in meeting Export Obligation (EO) authorization can be regularised by the authorisation holder on payment of all customs duties that were exempted in proportion to unfulfilled Export Obligation and interest payable is capped at maximum of 100% of such duties exempted on which interest is payable. However, no interest is payable on the portion of Additional Customs Duty and Special Additional Customs Duty .
- Public Notice 2/2023 dated 01.04.2023 is amended to clarify the duties on which interest is payable