Procedure for debiting the original scrips issued under Served from India Scheme (SFIS) for payment of central excise duty in the case of domestic procurement of goods

Procedure for debiting the original scrips issued under Served from India Scheme (SFIS) for payment of central excise duty in the case of domestic procurement of goods https://www.taxtmi.com/circulars?id=742 Holders proposing domestic procurement must present the original SFIS duty credit scrip to the jurisdictional Central Excise officer at clearance; the officer will verify genuineness and balance with Customs at the Port of Registration, debit the scrip for duties (noting supplier details and excise debited) and keep clearance records. The scrip holder must notify Customs in writing of the Excise debit before any further clearances, and Customs will allow import debits only after verifying prior Excise debits, obviating the need for a TRA from Customs for Excise debits. en-us Fri, 03 Nov 2006 00:00:00 +0530 Wed, 24 Sep 2008 14:26:00 +0530 TaxTMI RSS Generator Procedure for debiting the original scrips issued under Served from India Scheme (SFIS) for payment of central excise duty in the case of domestic procurement of goods https://www.taxtmi.com/circulars?id=742 Holders proposing domestic procurement must present the original SFIS duty credit scrip to the jurisdictional Central Excise officer at clearance; the officer will verify genuineness and balance with Customs at the Port of Registration, debit the scrip for duties (noting supplier details and excise debited) and keep clearance records. The scrip holder must notify Customs in writing of the Excise debit before any further clearances, and Customs will allow import debits only after verifying prior Excise debits, obviating the need for a TRA from Customs for Excise debits. Circulars Central Excise Fri, 03 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/circulars?id=742