FTP - Amendment in FTP - Post Export EPCG Scheme
GOVERNMENT has amended Sub-Para (b) of Para 5.11of Foreign Trade Policy, 2009-2014 (RE 2012).
Existing para 5.11(b) | Amended para 5.11(b) |
|---|---|
Duty paid on capital goods (excluding portion CENVATed/ Rebated) shall be remitted in the form of freely transferable duty credit scrip(s) | Basic Customs duty paid on Capital Goods shall be remitted in the form of freely transferable duty credit scrip(s), similar to those issued under Chapter 3 of FTP |
It is clarified that duty credit scrips issued under Post Export EPCG Scheme will be issued only in respect of basic customs duty and will have the same features as Chapter 3 scrips.
DGFT Notification No. 33/(RE - 2012)/2009-2014, Dated: February 08, 2013