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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Director General of Foreign Trade outlines procedure to close Export Obligation defaults under Duty Exemption and EPCG Scheme by March 2014.</h1> The Director General of Foreign Trade has issued a public notice offering a procedure to close cases of default in Export Obligation under the Duty Exemption Scheme and EPCG Scheme. Authorization holders can regularize pending defaults by paying the applicable customs duty and interest, with the interest not exceeding the duty amount. Payments can be made in cash or through duty credit scrips, but interest must be paid in cash. This option is available until March 31, 2014, and further procedural details will be provided separately. The notice aims to facilitate the redemption or regularization of old default cases.
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