Recovery of ROSCTL penalties Eased

As per the customs notification NO. 76/2022-Customs (N.T.), the 14.09.2022 following legal actions have been removed / omitted

Clause 4, sub-clause (2)

The duty credit amount that an exporter is so required to repay under sub-clause (1) shall be deemed never to have been allowed, and if the exporter fails to repay the said amount within a period of fifteen days along with interest so demanded, then the proper officer of Customs may, without prejudice to any action against the exporter, proceed for recovery of the said duty credit amount from the transferee in the manner as provided in section 142 of the said Act.

Clause 5, sub-clause (5)

The proper officer of Customs may, without prejudice to any action against the exporter, proceed for recovery of said duty credit amount from the transferee in the manner as provided in section 142 of the said Act.

Clause 6, the words “or the transferee” shall be omitted.

During the pendency of any recovery, as provided in clauses 4 and 5, no further duty credit, on any subsequent exports, shall be allowed to such exporter till the time such recovery is made and any unutilized duty credit with the exporter or the transferee shall be suspended pending such recovery