Duty credit scrip exemption permits import of goods free of customs and additional duty when produced at clearance. Exempts imports from customs duty and specified additional duties when goods are imported against a Duty Credit Scrip issued under the Focus Product Scheme, subject to production of the scrip at clearance, transferability of the scrip and imported goods, debiting of duties against the scrip, availability of drawback or CENVAT credit on additional duty debited, and exclusion of specified items in Appendix 37B.
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Provisions expressly mentioned in the judgment/order text.
Duty credit scrip exemption permits import of goods free of customs and additional duty when produced at clearance.
Exempts imports from customs duty and specified additional duties when goods are imported against a Duty Credit Scrip issued under the Focus Product Scheme, subject to production of the scrip at clearance, transferability of the scrip and imported goods, debiting of duties against the scrip, availability of drawback or CENVAT credit on additional duty debited, and exclusion of specified items in Appendix 37B.
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