DGFT - Public Notice No 2/2023, dated 01st April 2023
Amnesty Scheme
Important Attention - One Time Option
Subject : Amnesty scheme for one-time settlement of default in export obligation by Advance and EPCG authorization holders
** * **
| 1 | Scheme Name | Amnesty Scheme |
| 2 | Meaning | One time settlement of default in Export Obligation fulfillment. |
| 3 | Who are Eligible | Advance Authorisation & EPCG Holders |
| 4 | Timelines | 1) Registration under Amnesty Scheme with DGFT - 30-06-2023 2) Payment of Customs Duty + Interest - 30-09-2023 |
Scheme Coverage
| 1 | Applicable to EPCG & Advance Authorisation Schemes of all categories of Applications. |
| 2 | Authorisations issued upto 31-03-2015 for which Export Obligation Period should be valid beyond 12-08-2013 including Extended EOP). |
| 3 | Cases that have already been Adjudicated or are Pending Adjudication. |
Benefits / Why is it required ?
| 1 | To close cases of default (Un-fulfilled) in Export Obligation (Fully or Partially) under Advance Authorisation & EPCG Scheme. |
| 2 | Savings upto 75% of Interest, as Interest on Addl Customs Duty (CVD) & Special Addl Customs Duty (SAD) is not required to be paid. |
| 1 | Preparation of Liability Chart as per relevant Foreign Trade Policy . |
| 2 | Do Registration under Amnesty Scheme - DGFT. |
| 3 | Submission of Documents with Departments - Customs & DGFT. |
| 4 | Arrangement of Export Obligation Discharge Certificate (EODC) / Closure Letter from DGFT and Cancellation of Bond & Release of Bank Guarantee (BG) from Customs. |