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Amnesty Scheme for one time settlement of default in export obligation byAdvance License and EPCG authorization holders as per Public Notice 2/2023-DGFT dated 01.04.2023, as amended, from time to time-Reg.
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Amnesty scheme for export obligation defaults permits regularisation by paying duties with capped interest and excludes fraud cases. An Amnesty Scheme allows Advance License and EPCG holders to regularise export obligation defaults by paying applicable customs duties and specified interest (capped at a maximum of 100% of leviable duties), with no interest on Additional Customs Duty and Special Additional Customs Duty; scheme excludes fraud or diversion cases, precludes CENVAT credit or refunds on duties paid, requires payment and submission of TR6, Bills of Entry and DGFT deficiency letters within prescribed timelines, and non compliance attracts action under licence and bond terms.
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Amnesty scheme for export obligation defaults permits regularisation by paying duties with capped interest and excludes fraud cases.
An Amnesty Scheme allows Advance License and EPCG holders to regularise export obligation defaults by paying applicable customs duties and specified interest (capped at a maximum of 100% of leviable duties), with no interest on Additional Customs Duty and Special Additional Customs Duty; scheme excludes fraud or diversion cases, precludes CENVAT credit or refunds on duties paid, requires payment and submission of TR6, Bills of Entry and DGFT deficiency letters within prescribed timelines, and non compliance attracts action under licence and bond terms.
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