Duty Credit Scrips require FOB basis valuation and strict monitoring with adjustment and recovery mechanisms Freely Transferable Duty Credit Scrips and DEPBs are to be granted on FOB value inclusive of commissions and discounts (FOB taken from Shipping Bill and converted at Customs rate on LEO). RAs must monitor pre-realisation cases; short realisation requires adjustment from future claims or cash recovery with defaulter consequences after eighteen months, while excess realisation permits supplementary claims within six months. DEPBs are transferable; filing timelines for claims and documentary substitutions (BG/LUT when BRC absent) are prescribed.
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.
Duty Credit Scrips require FOB basis valuation and strict monitoring with adjustment and recovery mechanisms
Freely Transferable Duty Credit Scrips and DEPBs are to be granted on FOB value inclusive of commissions and discounts (FOB taken from Shipping Bill and converted at Customs rate on LEO). RAs must monitor pre-realisation cases; short realisation requires adjustment from future claims or cash recovery with defaulter consequences after eighteen months, while excess realisation permits supplementary claims within six months. DEPBs are transferable; filing timelines for claims and documentary substitutions (BG/LUT when BRC absent) are prescribed.
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