Regularization of export obligation defaults through Settlement Commission ensures consistent treatment of duty and interest settlements. Regularization of export obligation defaults and settlement of customs duty and interest under Para 2.46 of the Foreign Trade Policy are to be processed through the Settlement Commission of the Central Board of Excise & Customs. Regional Authorities must treat Settlement Commission decisions given prior to 1.4.2005 on the same footing as decisions relating to the period on or after 1.4.2005, ensuring consistent administrative handling of EO regularization and duty/interest settlement.