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 credit issuance for specified garment/made-up exports limited to customs-duty payment; exclusions, cancellations and recoveries allowed

Notification prescribes conditions for issuance and use of duty credit under the RoSCTL Scheme: duty credit is issued only against specified garment/made-up exports on declaration in the shipping bill/electronic entry and after customs verification, and may be used solely to pay customs duty on import - operative effect: credits are created in an electronic ledger/e-scrip and restricted to customs duty payment. It excludes specified export categories from eligibility - operative effect: exporters inlisted sectors cannot claim credits. It authorises cancellation and suspension of e-scrips after enquiry for contraventions - operative effect: cancelled credits are void and recoverable. It prescribes repayment with interest and recovery procedures where credits were excess or export proceeds are unrealised (including proportionate recovery and suspension of further credits until recovery).