Amendment in Para 3.18(a) of FTP 2015-20

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..... S.O.(E) - In exercise of the powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 , as amended, read with Para 1.02 of the Foreign Trade Policy, 2015-2020, the Central Government hereby makes the following amendments in the Foreign Trade Policy (FTP) 2015-2020 with immediate effect: Presently, para 3.18 (a) of FTP 2015-20 reads as under. .....

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..... e paid in cash. Effect of this Notification: Duty Credit Scrip can be utilised /debited for payment of Custom Duties in case of EO defaults for Authorizations issued under Chapters 4 and 5 of previous FTPs as well. The Para 3.18 (a) of FTP 2015-20 has been amended to bring more clarity on the utilization of Duty Credit Scrips for payment of Customs Duties in case of EO defaults. .....

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