Utilisation of VKGUY scrips: freely importable ITC HS items allowed for duty payment, subject to specified Appendix exceptions. VKGUY (erstwhile VKUY) duty credit scrips may be used to pay Customs duties on imports of items that are freely importable under the ITC (HS) Book, subject to exceptions listed in Appendix 37B; capital goods were excluded for scrips earned in 2004-05 and 2005-06 but broadly permitted with specific exclusions for scrips earned from 2006-07 onwards, and Para 3.12.4/3.8.3 read with Para 3.8.3.1 of the FTPs govern applicability by export year.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Utilisation of VKGUY scrips: freely importable ITC HS items allowed for duty payment, subject to specified Appendix exceptions.
VKGUY (erstwhile VKUY) duty credit scrips may be used to pay Customs duties on imports of items that are freely importable under the ITC (HS) Book, subject to exceptions listed in Appendix 37B; capital goods were excluded for scrips earned in 2004-05 and 2005-06 but broadly permitted with specific exclusions for scrips earned from 2006-07 onwards, and Para 3.12.4/3.8.3 read with Para 3.8.3.1 of the FTPs govern applicability by export year.
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