Foreign Trade Policy 2015-20, Facility of payment of custom duties

 The information provided here is part of Online export import training guide 


 

Click here to read Foreign Trade Policy of India 2015-20 (FTP 2015-20) in pdf format:  Foreign Trade Policy 2015-20.pdf

 

Export Import Policy 2015-20 bFacility of payment of custom duties in case of E.O. defaults and fee through duty credit scrips

(a) 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 this Policy. Such utilization /usage shall be in respect of those goods which are permitted to be imported under the respective reward schemes. However, penalty / interest shall be required to be paid in cash.

(b) Duty credit scrips can also be used for payment of composition fee under FTP, for payment of application fee under FTP, if any and for payment of value shortfall in EO under para 4.49 of HBP 2015-20.

 

 

The above information is a part of Import Export course online


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