Manner of issue of duty credit for goods exported under the Scheme for Rebate of State and Central Taxes and Levies - duty credit under condition - duty credit,Cancellation of duty credit, Recovery of amount of duty credit,Recovery of amount of duty credit where export proceeds are not realised - 25/2023 - Customs - Non Tariff

Duty credits for specified garment and made-up exports allowed on declared FOB (capped), conditional on customs checks and forex realisation

Duty credit issuance for exports under the RoSCTL Scheme is prescribed to be granted only against specified garments and made-ups, calculated on declared FOB value (capped at 1.5× market price), claimed via item-level declaration in the shipping bill/ electronic entry, allowed after customs checks and manifest filing; the effect is entitlement to electronic duty credit useable solely for payment of customs duty on imports. Certain export categories and sectors listed in the annex are ineligible, precluding duty credit for those exports. Duty credits are conditional on realisation of sale proceeds within FEMA timelines, failing which the credit is ineligible and recoverable. Customs may cancel, suspend, and recover excess or ineligible credits with interest and restrict further credits pending recovery.