Dated 10th July 2013
Government of India, Ministry of Commerce and Industry, Department of Commerce vide its Notification No.33 (RE-2012) /2009-2014 dated 8th February, 2013 hereby amends with immediate effect para 5.11 of Foreign Trade Policy, 2009-2014 (RE 2012) as follows.
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.
SOURCE: GOVT. OF INDIA, Ministry of Commerce and Industry
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