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Facility for suo moto payment of customs duty in case of bona fide default in export obligation under the Advance / EPCG authorisations reg.

Customs - 11/2015 - Dated:- 1-4-2015 - Circular No. 11/2015 - Customs F.No. 605/55/2014-DBK Government of India Ministry of Finance, Department of Revenue Central Board of Excise& Customs Drawback Division New Delhi, dated 1st April, 2015 To All Principal Chief Commissioners/Chief Commissioners of Customs / Customs (Prev)/ Central Excise & Customs, All Principal Directors General/Directors General of CBEC / Chief Commissioner (AR), CESTAT, All Principal Commissioners/Commissioners under .....

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this regard before being able to deposit the duty involved. It was decided to provide for a procedure that would enable quicker payment thereby reducing the avoidable interest cost for such exporters. 2. After consulting the DGFT, and certain field formations, the Board prescribes the following facilitation procedure - (a) This procedure may be adopted by an AH who has obtained acknowledgement from the concerned RA of its application for regularization of bona fide default in EO. The application .....

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update its records; and/or (ii) produce valid duty credit scrip before the Customs Authority at the port where the authorization is registered for debit of the own/self-calculated duty amount. Such scrip should be one issued under Chapter 3 (excluding SHIS, SFIS and AIIS scrips) in terms of FTP (2009-14) or chapter 3 of FTP (2015-20) or be a Post-export EPCG duty remission scheme scrip. The debit shall only be in respect of goods that are permitted to be imported under the relevant scrip. The Cu .....

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