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 5.11 of 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 5.11 of 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)