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Duty credit scrip usage expanded to permit payment of customs duties for export obligation defaults, with penalties payable in cash. Duty Credit Scrips may be utilised or debited to discharge Customs Duties arising from export obligation defaults for Authorizations issued under Chapters 4 and 5 of the Foreign Trade Policy, and this permissive use is extended to Authorizations issued under previous FTPs; penalty and interest must be paid in cash.
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Duty credit scrip usage expanded to permit payment of customs duties for export obligation defaults, with penalties payable in cash.
Duty Credit Scrips may be utilised or debited to discharge Customs Duties arising from export obligation defaults for Authorizations issued under Chapters 4 and 5 of the Foreign Trade Policy, and this permissive use is extended to Authorizations issued under previous FTPs; penalty and interest must be paid in cash.
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