DGFT Lays Down Procedure For Applying For Amnesty Scheme For One-Time Settlement Of Default In Export Obligation

Mariya Paliwala

21 April 2023 5:30 AM GMT

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  • DGFT Lays Down Procedure For Applying For Amnesty Scheme For One-Time Settlement Of Default In Export Obligation

    The Director General of Foreign Trade (DGFT) has laid down the procedure for applying for the amnesty scheme for one-time settlement of default in export obligations by Advance and Export Promotion Capital Goods (EPCG) authorization holders.The application for AA/EPCG discharge or closure shall be filed online by logging onto the DGFT website.The applicant shall select the checkbox for...

    The Director General of Foreign Trade (DGFT) has laid down the procedure for applying for the amnesty scheme for one-time settlement of default in export obligations by Advance and Export Promotion Capital Goods (EPCG) authorization holders.

    The application for AA/EPCG discharge or closure shall be filed online by logging onto the DGFT website.

    The applicant shall select the checkbox for ‘Amnesty Scheme for One-Time Settlement of Default in Export Obligation' and proceed to file an application for closure against the concerned EPCG or AA authorization as per the online proforma.

    The applicant, as per their calculations, shall indicate the duty and interest values to be paid under the "Redemption Matrix" tab and submit their application online.

    On receipt of the online application, the RA concerned shall examine and confirm the shortfall through an online letter.

    The applicant shall make the required payment of duty and interest to the jurisdictional customs authority and provide proof of payment in response to the said letter online.

    Based on the evidence of payments and other relevant documents prescribed, the concerned RA may examine and consider granting an Export Obligation Discharge Certificate (EODC) online.

    Policy Circular No. 1/2023

    Date: April 17, 2023

    Click Here To Read The Circular


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