Use of DEPB scrip: election at filing is final and DEPB credit must be applied fully against duty payable. Election to use DEPB Scrip at filing of the Bill of Entry is final and cannot be changed during assessment. DEPB credit must be applied fully: where duty payable exceeds scrip credit, the entire scrip balance must be debited; where duty payable is less than scrip credit, the duty must be paid in full by debiting the scrip. Operational issues are to be referred to the designated Deputy/Assistant Commissioner.
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.
Use of DEPB scrip: election at filing is final and DEPB credit must be applied fully against duty payable.
Election to use DEPB Scrip at filing of the Bill of Entry is final and cannot be changed during assessment. DEPB credit must be applied fully: where duty payable exceeds scrip credit, the entire scrip balance must be debited; where duty payable is less than scrip credit, the duty must be paid in full by debiting the scrip. Operational issues are to be referred to the designated Deputy/Assistant Commissioner.
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