33(RE-2012)/2009-14, Dated: 08/02/2013

 

Amendment in FTP (RE-2012)(2009-2014)- Post Export EPCG Scheme

(To be published in the Gazette of India Extraordinary)
Part II, Section 3, Sub-Section (II)
Government of India
Ministry of Commerce and Industry
Department of Commerce
Udyog Bhawan
 
Notification No.33  (RE-2012) /2009-2014
New Delhi, the  8th  February, 2013

 
 
Subject: Amendment in FTP (RE-2012)(2009-2014)- Post Export EPCG Scheme
 
S.O (E) : In exercise of the powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992, as amended, read with paragraph 1.3 of the Foreign Trade Policy, 2009-2014, the Central Government hereby amends with immediate effect para 5.11 of Foreign Trade Policy, 2009-2014 (RE 2012).
 
 
2. The existing Sub-Para (b) of Para 5.11of FTP which reads as under has been amended:-
“Duty paid on capital goods (excluding portion CENVATed/ Rebated) shall be remitted in the form of freely transferable duty credit scrip(s)”.
The amended Sub-Para (b) of Para 5.11of FTP will now read as under:
“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.”
 
3. Effect of this amendment :
 
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.
 
 
 

(Anup K. Pujari)
Director General of Foreign Trade
E-mail: 
dgft@nic.in

 
 

(Issued from F.No. 18/08/AM 13/Pol-5)

Opinion

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