One time Facility for Regularization of Export Obligation Default Cases. - DGFT - 02

OFFICE OF THE ADDITIONAL DIRECTOR GENERAL OF FOREIGN TRADE, Nishtha Bhawan, 48, Vithaldas Thackersey Marg, Churchgate, Mumbai 400 020 Trade Notice No. 2 dated 27th November 2013 Sub: One time Facility for Regularization of Export Obligation Default Cases Attention of all the members of trade and industry is invited to Public Notice No.22 dated 12.08.2013 and the Policy Circular No.8 dated 25.10.2013 issued by the Office of the DGFT, New Delhi for closure of cases of default in Export Obligation Fulfilment in respect of the Duty Exemption Schemes and EPCG Scheme. The Public Notice No.22 dated 12.08.2013 has provided that all pending cases of the default in meeting Export Obligation (EO) can be regularised by the authorisation holder on payment of applicable customs duty, corresponding to the shortfall in export obligation, along with interest on such customs duty; but the interest component to be so paid shall not exceed the amount of customs duty payable for this default. The Policy Circular No.8 dated 25.10.2013 has laid down the procedure for closure of cases of default in Export Obligation under the above Public Notice No.22 dated 12.08.2013 wherein this facility is also available even in cases which have already been adjudicated (or pending adjudication), either originally or in appeal. Therefore, all the firms/companies are hereby requested to utilize this one time opportunity for closure/regularization of all old cases of default in Export Obligation Fulfilment which is available only till 31.03.2014 (Dr. Kavita Gupta) Additional Director General of Foreign Trade To all concerned