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of <h1>Central Government Can Issue Duty Credits Under Section 51B of Customs Act for Export-Related Benefits</h1> Section 51B of the Customs Act, 1962, authorizes the Central Government to issue duty credits through notifications in the Official Gazette. These credits can be granted in lieu of remission of duties, taxes, or levies on materials used in manufacturing or processing goods for export, or other specified financial benefits. The duty credits are maintained in an electronic duty credit ledger within the customs automated system. Recipients or transferees of these credits can use them to pay duties under the Customs Act or the Customs Tariff Act, 1975, following prescribed conditions, restrictions, and timelines.
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