Government of India
Ministry of Commerce & Industry
Department of Commerce
Udyog Bhawan, New Delhi
Notification No: 64 (RE-2013)/2009-2014
New Delhi, the 06 January, 2014
Subject: Amendments in Chapter 3 of Foreign Trade Policy 2009-14
S.O.(E) In exercise of the powers conferred by Section 5 of the Foreign Trade
(Development and Regulation) Act, 1992 read with Para 1.3 of the Foreign Trade
Policy, 2009-2014, the Central Government hereby makes the following amendments
in the Foreign Trade Policy (FTP) 2009-14 with immediate effect:
2. Para 3.17.11of FTP 2009-14 is amended [Portion being added has been
marked in bold letters] to be read as under:
“3.17.11: Duty Credit Scrip can be utilised / debited for payment of Custom
Duties in case of EO defaults for Authorizations issued under Chapters 4 and 5
of this Policy. However, penalty / interest shall be required to be paid in
cash. Scrips issued under SHIS, SFIS and AIIS cannot be utilised / debited for
payment of Custom Duties in case of EO defaults for Authorizations issued under
Chapters 4 of this Policy. Duty credit scrips can also be used for payment of
composition fee under FTP, for payment of application fee under FTP, if any and
for payment of value shortfall in EO under para 4.28 (b) of HBP v1 2009-14.”
Effect of this Notification: SHIS, SFIS and AIIS scrips cannot be used for
payment of Custom duty for shortfall in EO in Advance Authorisation or DFIA
(i.e. default in EO for authorisation issued under Chapter 4 of Foreign Trade
Policy).
(Anup K. Pujari)
Director General of Foreign Trade
E-mail: [email protected]
[Issued from File No. 01/61/180/123/AM13/PC3]