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of <h1>India Launches Amnesty Scheme for Settling Export Defaults Under Advance and EPCG Authorizations from 2004-2014.</h1> The Government of India has introduced an amnesty scheme for one-time settlement of defaults in export obligations by holders of Advance and EPCG authorizations. The scheme applies to authorizations issued under the Foreign Trade Policy from 2004 to 2014, with specific eligibility criteria. Authorization holders can regularize defaults by paying exempted customs duties and interest, with a deadline for registration by June 30, 2023, and payment by September 30, 2023. Cases involving fraud or unauthorized activities are excluded. The scheme does not allow for CENVAT credit or refunds on duties paid under this scheme.
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