DGFT extends Last Date to Apply under Amnesty Scheme for One Time Settlement by Advance and EPCG authorization holders

The Directorate General of Foreign Trade(DGFT) has extended the Last Date to Apply under Amnesty Scheme for One Time Settlement of default in export by Advance and EPCG authorization holders till December 31, 2023. Also last date for payment of Customs Duty plus interest has been extended till March 31, 2024.

All these amendments is done by issuing Public Notice, which will come into effect with the date of notice published.

The Notice Stated as, “The following Public Notices have been issued by the Directorate General of Foreign Trade :-

(i) Public Notice No. 02/2023 dated 01.04.2023 – Notification of Amnesty Scheme.

(ii) Public Notice No. 07/2023 dated 18.04.2023 -Amendment of Amnesty Scheme”

In exercise of powers conferred under Paragraph 1.03 of the Foreign Trade Policy (FTP) 2023, as amended from time to time, the Director General of Foreign Trade hereby makes the following amendment in the para Il(vii) of Public Notice No. 02/2023 dated 0 1.04.2023 notifying the Amnesty Scheme:-

vii. Any authorisation holder choosing lo avail this benefit must complete the process of registration as mentioned in para (iii) above on or before 31.12.2023 and payment of Customs duty plus interest with the Jurisdictional Customs Authorities concerned shall be completed by 31.03.2024.

The other contents of the above mentioned Public Notices shall remain the same.

Effect of this Public Notice: The last date to apply under the Amnesty Scheme has been extended till 31.12.2023 and last date for payment of Customs Duty plus interest has been extended till 31.03.2024.

For Official Notice Download PDF Given Below: