Electronic duty credit ledger enables use of duty credits to pay customs duties under Customs and Tariff Acts. The Central Government may, by notification, prescribe issuance of duty credit in lieu of remission or other financial benefits, subject to conditions. Such credits shall be maintained in the customs automated system as an electronic duty credit ledger of the recipient, and may be used by the holder or transferee to pay duties under the Customs Act or the Customs Tariff Act in the manner, within the time, and subject to conditions and restrictions as prescribed.