Duty Credit Scrip entitlement clarified: application, validity, proof and conditions govern use and revalidation under promotional schemes. Status Certificates confer eligibility for Chapter 3 export incentives and must be applied for in prescribed ANFs with the jurisdictional RA; certificates run from 1 April for five years, require maintenance of export/import records and may be refused, suspended or cancelled for specified breaches with opportunity to be heard and appeal to DGFT. Duty Credit Scrips under SFIS, VKGUY, FMS, FPS and SHIS are granted on eligible foreign exchange realisations subject to detailed filing windows, proof of landing rules, ineligible remittances, port and split procedures, a 24 month validity, monitoring of realisation and recovery measures for non realisation.
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Provisions expressly mentioned in the judgment/order text.
Duty Credit Scrip entitlement clarified: application, validity, proof and conditions govern use and revalidation under promotional schemes.
Status Certificates confer eligibility for Chapter 3 export incentives and must be applied for in prescribed ANFs with the jurisdictional RA; certificates run from 1 April for five years, require maintenance of export/import records and may be refused, suspended or cancelled for specified breaches with opportunity to be heard and appeal to DGFT. Duty Credit Scrips under SFIS, VKGUY, FMS, FPS and SHIS are granted on eligible foreign exchange realisations subject to detailed filing windows, proof of landing rules, ineligible remittances, port and split procedures, a 24 month validity, monitoring of realisation and recovery measures for non realisation.
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