(To be published in the Gazette of India Extraordinary)
Part II, Section 3, Sub-Section (II)
Government of India
Ministry of Commerce and Industry
Department of Commerce
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).
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