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Taxation Central Ministry of Finance Customs Act, 1962

Amnesty Scheme for one time settlement of default in export obligation by Advance and EPCG authorization holders

17-May-2023 | Circular NO. 11 of 2023

The Ministry has issued Notification No.32/2023-Customs to amend 13 Customs notifications pertaining to Advance Authorization (AA) and Export Promotion Capital Goods (EPCG) Schemes to implement Public Notice No. 02 dated 01.04.2023 notified by DGFT. The amendments provide that when the duty on the goods is paid to regularize the default, the amount of interest to be paid by the importer shall be payable as specified in the Public Notice dated 01.04.2023. The scheme does not cover fraud, mis-declaration or un-authorized diversion of material and/or capital goods. The Principal Commissioners/Commissioners must ensure exporters are registered with the DGFT and monitored and tracked. This Circular should be brought to the notice of all concerned by issuance of a standing order/instruction/trade notice.

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