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Date: 08-02-2013
Notification No: DGFT Notification No 33 (RE-2012)/2009-2014
Issuing Authority: DGFT  
Type: Notification
File No: Issued from F.No. 18/08/AM 13/Pol-5
Subject: Amendment in FTP (RE-2012)(2009-2014)- Post Export EPCG Scheme
 

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).

  1.  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.”

  2.  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)

       

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