Sept 30 deadline for exporters to use amnesty scheme
Financial Express Mumbai|May 19, 2023
EXPORTERS, WHO INTEND to opt for the amnesty scheme on unfulfilled export obligations, will have to make the requisite payments on or before September 30, 2023, according to a circular issued by the Central Board of Indirect Taxes and Customs late Wednesday.
MUKESH JAGOTA
Sept 30 deadline for exporters to use amnesty scheme

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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