Unfulfilled export obligations under Advance Authorisation or EPCG licences can remain open for years, bringing with them customs duty, interest and continuing compliance issues. The DGFT’s one-time Amnesty Scheme was designed to give eligible licence holders a mechanism to regularise certain historical defaults.

The scheme covered specified authorisations and capped the interest burden in qualifying cases, making it particularly relevant for businesses carrying old export-obligation liabilities on their books. This article explains the coverage, exclusions, payment requirements and procedural steps involved in using the amnesty route.

Read the full article on TaxGuru: Amnesty Scheme for Default in Export Obligation by Advance and EPCG Holders