Use of DEPB scrip: full scrip credit must be applied at assessment and any remaining duty paid in cash. Once a Bill of Entry is filed using a DEPB scrip, no change to remove the scrip is permitted during assessment. If assessed duty exceeds DEPB credit, the entire scrip credit must be applied first and any balance paid in cash. If assessed duty is less than the DEPB credit, the duty shall be fully paid using the DEPB credit. These directions are to be treated as a standing order and operational queries referred to the Joint Commissioner, E&T (Export).
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: full scrip credit must be applied at assessment and any remaining duty paid in cash.
Once a Bill of Entry is filed using a DEPB scrip, no change to remove the scrip is permitted during assessment. If assessed duty exceeds DEPB credit, the entire scrip credit must be applied first and any balance paid in cash. If assessed duty is less than the DEPB credit, the duty shall be fully paid using the DEPB credit. These directions are to be treated as a standing order and operational queries referred to the Joint Commissioner, E&T (Export).
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
