FTP AMNESTY SCHEME

Public Notice No:2/2023 dated April 1, 2023

Details Of The Scheme

 All the aforesaid pending cases of default can be regularized on payment of all customs duties that were exempted in proportion to the unfulfilled EO;

 Interest would be restricted to 100% of the duties so exempted. No interest is payable on Additional Customs Duty (ACD) and Special Additional Customs Duty;

 Scheme covers even adjudicated or in appeal. Scheme does not cover cases under investigation for fraud, mis-declaration and diversion of goods. Scheme will not cover cases where Custom Duties and Interest is paid in full.

 Exporters interested to avail benefit of this Scheme, needs to register themselves till June 2023. Exporters also need to pay Custom Duties and Interest till September’2023.