Para 5 of Public Notice No. 12 (RE -2012)/2009-14 dated 26th July, 2012 - Validity of Duty Credit Scrips issued under Chapter 3 was reduced from 24 months to 18 months
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Duty Credit Scrip validity clarified to preserve prior scrips' longer term while applying reduced term prospectively. Duty Credit Scrip validity for Chapter 3 was reduced from 24 months to 18 months to align with the Foreign Trade Policy; transitional clarification preserves 24 month validity for scrips issued up to the stated cutoff, while scrips issued after that cutoff carry 18 month validity, minimizing transaction costs for exporters.
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Provisions expressly mentioned in the judgment/order text.
Duty Credit Scrip validity clarified to preserve prior scrips' longer term while applying reduced term prospectively.
Duty Credit Scrip validity for Chapter 3 was reduced from 24 months to 18 months to align with the Foreign Trade Policy; transitional clarification preserves 24 month validity for scrips issued up to the stated cutoff, while scrips issued after that cutoff carry 18 month validity, minimizing transaction costs for exporters.
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