Duty credit transferability expanded allowing use against import, service tax and central excise liabilities under new trade policy. Duty credit rewards under MEIS and SEIS are issued by DGFT and are freely transferable to debit customs duty on imports (subject to appendix 3A), service tax on procurements and central excise on domestic procurements; MEIS covers specified e commerce exports via designated courier terminals and mandatory intent declaration on shipping bills is being phased in. Advance Authorization is restricted to standardised norms, DFIAs are post export and transferable with basic customs duty exemption (fuel excluded), and EPCG obligations and installation certification rules have been rationalised. Verification, monitoring and validity of authorisations and scrips are emphasised.
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Provisions expressly mentioned in the judgment/order text.
Duty credit transferability expanded allowing use against import, service tax and central excise liabilities under new trade policy.
Duty credit rewards under MEIS and SEIS are issued by DGFT and are freely transferable to debit customs duty on imports (subject to appendix 3A), service tax on procurements and central excise on domestic procurements; MEIS covers specified e commerce exports via designated courier terminals and mandatory intent declaration on shipping bills is being phased in. Advance Authorization is restricted to standardised norms, DFIAs are post export and transferable with basic customs duty exemption (fuel excluded), and EPCG obligations and installation certification rules have been rationalised. Verification, monitoring and validity of authorisations and scrips are emphasised.
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