Exemption under Post Export EPCG duty credit scrip permits duty-free clearance subject to Customs registration, debiting, and validation. Exemption covers Fourth Schedule goods cleared against a Post Export EPCG duty credit scrip, exempting them from whole excise and specified additional duties, subject to conditions: Customs registration of the scrip, presentation with supplier details and jurisdictional Central Excise Officer, Customs debit of duties on the reverse of the scrip with written advice to the Officer, eighteen month validity, holder's undertaking to pay short debits with interest, Officer's endorsement and validation, manufacturer retention of attested debited/endorsed scrip, exclusions under Appendix 37B and non permissible imports, and entitlement to drawback or CENVAT credit against the debited scrip.
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.
Exemption under Post Export EPCG duty credit scrip permits duty-free clearance subject to Customs registration, debiting, and validation.
Exemption covers Fourth Schedule goods cleared against a Post Export EPCG duty credit scrip, exempting them from whole excise and specified additional duties, subject to conditions: Customs registration of the scrip, presentation with supplier details and jurisdictional Central Excise Officer, Customs debit of duties on the reverse of the scrip with written advice to the Officer, eighteen month validity, holder's undertaking to pay short debits with interest, Officer's endorsement and validation, manufacturer retention of attested debited/endorsed scrip, exclusions under Appendix 37B and non permissible imports, and entitlement to drawback or CENVAT credit against the debited scrip.
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