The amnesty scheme, which was announced in this year's Foreign Trade Policy on March 31, says that the amount payable will be in proportion to the unfulfilled export obligations. It also capped interest payment at 100% of the exempted duties. No interest will be charged on the additional customs duty and special additional customs duty that was not paid.
Exporters have to commit to shipment obligations while availing duty-free imports of inputs and machinery for production.
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