Amnesty Scheme for Settlement of Default in Export Obligation Amended

The present notice clarifies that all pending cases of the default in meeting EO can be regularised by the authorisation holder on payment of all customs duties that were exempted in proportion to unfulfilled EO and interest payable is capped at maximum of 100% of such duties exempted on which interest is payable.

Ease of doing business measures for defense companies

The Indian defence companies, which have developed products, systems, subsystems, components on their own indigenous capabilities (except critical stores), will now be allowed to own and account for their final designs and specification as AHSP.