Passbook credit shortfall: exemption applies only up to available credit, excess duty must be paid in cash. Where available credit in a Pass Book or DEPB is insufficient to cover duty assessed on goods in a Bill of Entry, the exemption does not extend to the portion of duty exceeding that credit, and the excess duty assessed may be paid in cash.
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.
Passbook credit shortfall: exemption applies only up to available credit, excess duty must be paid in cash.
Where available credit in a Pass Book or DEPB is insufficient to cover duty assessed on goods in a Bill of Entry, the exemption does not extend to the portion of duty exceeding that credit, and the excess duty assessed may be paid in cash.
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