Amnesty Scheme for one-time settlement of default in export obligation by Advance and EPCG authorization holders - Notification No. 32/2023-Customs dated 26.04.2023.
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Amnesty scheme for export obligation defaults allows duty payment with prescribed capped interest to regularise shortfalls. Scheme allows Advance Authorization and EPCG holders to regularise bona fide export obligation defaults by paying applicable Customs duty for the EO shortfall with interest as prescribed by the DGFT Public Notice; cases involving fraud, mis-declaration, or unauthorised diversion are excluded and duties paid under the scheme are not eligible for CENVAT credit or refund.
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.
Amnesty scheme for export obligation defaults allows duty payment with prescribed capped interest to regularise shortfalls.
Scheme allows Advance Authorization and EPCG holders to regularise bona fide export obligation defaults by paying applicable Customs duty for the EO shortfall with interest as prescribed by the DGFT Public Notice; cases involving fraud, mis-declaration, or unauthorised diversion are excluded and duties paid under the scheme are not eligible for CENVAT credit or refund.
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