Duty Credit Scrip computation now based on basic customs duty paid, with CENVAT non availment certificate exceptions. Computation of freely transferable Duty Credit Scrip(s) will be based on basic customs duty paid. Where an exporter obtains EPCG authorisation declaring non availment of CENVAT, Export Obligation and Duty Credit Scrip issuance will be fixed and issued with reference to basic customs duty paid and supported by a Central Excise certificate of non availment, except where the unit is not registered with Central Excise. Capital goods imported under the FTP must not be disposed of until the last export for offset, and re exported defective CG claiming drawback will not amount to remission of duty under the FTP.
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Provisions expressly mentioned in the judgment/order text.
Duty Credit Scrip computation now based on basic customs duty paid, with CENVAT non availment certificate exceptions.
Computation of freely transferable Duty Credit Scrip(s) will be based on basic customs duty paid. Where an exporter obtains EPCG authorisation declaring non availment of CENVAT, Export Obligation and Duty Credit Scrip issuance will be fixed and issued with reference to basic customs duty paid and supported by a Central Excise certificate of non availment, except where the unit is not registered with Central Excise. Capital goods imported under the FTP must not be disposed of until the last export for offset, and re exported defective CG claiming drawback will not amount to remission of duty under the FTP.
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