Procedure for payment of Customs Duties by debit in DEPB scrips and reward schemes scrips for imports under EPCG scheme w. e. f. 1.1.2009 as per FTP para 4.3.1 and HBP para 3.23.9 under the Indian Customs EDI system – IICES) - regd.
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Payment by DEPB scrips for EPCG imports enabled; ICES/ICEGATE allows full or partial duty debit within the interest free period. The Notice permits payment of customs duty on imports under the EPCG scheme by debit to DEPB/duty credit scrips via the ICES/ICEGATE system effective 1 January 2009. After assessment the importer/CHA may elect e payment or seek an Appraising Officer's written authorisation to debit eligible duties on EPCG items from scrips within the interest free period (section 47(2)). The system displays only duties permitted for scrip debit; full scrip debit advances registration prior to examination, while partial debit generates a challan for the balance to be paid by bank or e payment, with banks confirming receipt electronically.
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.
Payment by DEPB scrips for EPCG imports enabled; ICES/ICEGATE allows full or partial duty debit within the interest free period.
The Notice permits payment of customs duty on imports under the EPCG scheme by debit to DEPB/duty credit scrips via the ICES/ICEGATE system effective 1 January 2009. After assessment the importer/CHA may elect e payment or seek an Appraising Officer's written authorisation to debit eligible duties on EPCG items from scrips within the interest free period (section 47(2)). The system displays only duties permitted for scrip debit; full scrip debit advances registration prior to examination, while partial debit generates a challan for the balance to be paid by bank or e payment, with banks confirming receipt electronically.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.