Amendment in FTP (RE-2012)(2009-2014)- Post Export EPCG Scheme - 33 (RE-2012) /2009-2014 - Foreign Trade Policy

(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 Udyog Bhawan 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 345(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 E-mail: [email protected] (Issued from F.No. 18/08/AM 13/Pol-5)