Use of Duty Credit Scrips for payment of Customs Duties in case of EO defaults under Authorizations issued under Chapters 4 and 5 of the Policy - 32/2009-14 - Foreign Trade Policy

Use of Duty Credit Scrips for payment of Customs Duties in case of EO defaults under Authorizations issued under Chapters 4 and 5 of the Policy NOTIFICATION No. 32/2009-14 New Delhi , Dated the 26 February, 2010 S.O (E) - In exercise of powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 (No. 22 of 1992) read with Para 1.3 of the Foreign Trade Policy (FTP), 2009-14 , the Central Government hereby makes the following amendment in Foreign Trade Policy: 1. The first sentence of Para 3.17.11 of FTP 2009-14 is replaced as under: "Duty Credit Scrips can also be used / debited towards payment of Customs Duties in case of EO defaults under Authorizations issued under Chapters 4 and 5 of the Policy". This issues in Public Interest.