Post Export EPCG duty credit scrip enables duty-free import tied to proportionate fulfillment of export obligation. Exemption for imports against a Post Export EPCG duty credit scrip (3% variant) allows remission of basic customs duty and specified additional duty subject to conditions: imports must be on payment of duties in cash where basic duty exceeds the threshold, registered at the stated port, installed and put to use with prescribed certification, and retained until export obligations are fulfilled. Export obligation is calculated as a defined proportion of duties and assessable value with specified reductions for green technologies, special regions and sectors; duty remission in the scrip is proportionate to export fulfillment and interacts with Cenvat and drawback rules.
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Provisions expressly mentioned in the judgment/order text.
Post Export EPCG duty credit scrip enables duty-free import tied to proportionate fulfillment of export obligation.
Exemption for imports against a Post Export EPCG duty credit scrip (3% variant) allows remission of basic customs duty and specified additional duty subject to conditions: imports must be on payment of duties in cash where basic duty exceeds the threshold, registered at the stated port, installed and put to use with prescribed certification, and retained until export obligations are fulfilled. Export obligation is calculated as a defined proportion of duties and assessable value with specified reductions for green technologies, special regions and sectors; duty remission in the scrip is proportionate to export fulfillment and interacts with Cenvat and drawback rules.
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