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Procedure for payment of Customs Duties by debit in DEPB scrips and reward scheme scrips for imports under EPCG Scheme w.e.f. 01.01.09 as per FTP Para 4.3.1 and HBP Para 3.23.9 under the Indian Customs EDI System (ICES)
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Customs duty payment under EPCG now allows debiting eligible DEPB and duty credit scrips via ICES within interest free period. Procedure permits payment of customs duty on imports under the EPCG Scheme by debiting eligible DEPB and duty credit scrips through ICES. After assessment ICES generates a TR 6 challan for full duty and gives the importer/CHA the option to pay by bank/ICEGATE or request the Appraising Officer to debit duty attributable to EPCG items from scrips within the interest free period under Section 47(2). Full or partial scrip debits are recorded on revised Bill of Entry prints; any balance remains payable via the same challan number and electronic bank confirmation is required for registration sequencing.
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Provisions expressly mentioned in the judgment/order text.
Customs duty payment under EPCG now allows debiting eligible DEPB and duty credit scrips via ICES within interest free period.
Procedure permits payment of customs duty on imports under the EPCG Scheme by debiting eligible DEPB and duty credit scrips through ICES. After assessment ICES generates a TR 6 challan for full duty and gives the importer/CHA the option to pay by bank/ICEGATE or request the Appraising Officer to debit duty attributable to EPCG items from scrips within the interest free period under Section 47(2). Full or partial scrip debits are recorded on revised Bill of Entry prints; any balance remains payable via the same challan number and electronic bank confirmation is required for registration sequencing.
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