Regularization of export obligation defaults: one time facility permits payment of duty with capped interest to close outstanding cases. A one time facility allows regularization of Export Obligation defaults under duty exemption and EPCG schemes by payment of customs duty corresponding to the EO shortfall plus interest, where interest payable is capped at the amount of customs duty. The scheme covers pending cases including those adjudicated or under appeal and requires compliance with the procedures in the referenced Public Notice and Policy Circular; stakeholders are invited to use the facility within the prescribed deadline.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Regularization of export obligation defaults: one time facility permits payment of duty with capped interest to close outstanding cases.
A one time facility allows regularization of Export Obligation defaults under duty exemption and EPCG schemes by payment of customs duty corresponding to the EO shortfall plus interest, where interest payable is capped at the amount of customs duty. The scheme covers pending cases including those adjudicated or under appeal and requires compliance with the procedures in the referenced Public Notice and Policy Circular; stakeholders are invited to use the facility within the prescribed deadline.
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