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of <h1>Amnesty Scheme Announced for 2004-2015 Export Obligation Defaults; Register by Dec 31, 2023, Pay by March 31, 2024.</h1> The Directorate General of Foreign Trade has announced an amnesty scheme for resolving defaults in export obligations under the Advance Authorisation and EPCG schemes. Applicable to authorizations issued under the Foreign Trade Policy from 2004 to 2015, the scheme allows holders to settle defaults by paying exempted customs duties and capped interest. Registration must be completed by December 31, 2023, and payments by March 31, 2024. The scheme excludes cases involving fraud or unauthorized actions and prohibits CENVAT Credit or refunds on paid duties. It also applies to adjudicated or pending cases, providing a one-time settlement opportunity.
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