Duty credit ledger framework governs electronic recording and use of credits for customs duty payments. The Central Government may, by notification, specify the manner of issuing duty credit in lieu of remission of duty, tax or levy on materials used for exported goods, or in lieu of other financial benefits subject to conditions and restrictions. The duty credit is maintained in the customs automated system as an electronic duty credit ledger of the recipient. The credit may be used by the recipient or a transferee towards payment of duties payable under the Customs Act or the Customs Tariff Act, subject to prescribed conditions, restrictions and time limits.