https://www.taxtmi.com/circulars?id=4075 Debits under the DEPB Scheme constitute payment of the basic and additional customs duties for goods cleared from warehouse rather than an unconditional exemption; because the duty element must be debited from DEPB scrips, the statutory interest chargeable on warehoused goods applies where duty is discharged by DEPB debit. Amendments permitting Cenvat credit or duty drawback for duties debited under DEPB and requirements to debit education cess and special CVD support treating the debited duty as payable for interest purposes. en-us Fri, 20 Jul 2007 00:00:00 +0530 Fri, 11 Jan 2008 15:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4075 Debits under the DEPB Scheme constitute payment of the basic and additional customs duties for goods cleared from warehouse rather than an unconditional exemption; because the duty element must be debited from DEPB scrips, the statutory interest chargeable on warehoused goods applies where duty is discharged by DEPB debit. Amendments permitting Cenvat credit or duty drawback for duties debited under DEPB and requirements to debit education cess and special CVD support treating the debited duty as payable for interest purposes. Circulars Customs Fri, 20 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4075