https://www.taxtmi.com/forum/issue?id=5568 Status Holder Incentive Scrip (SHIS) allows specified capital goods to be cleared free of central excise and specified additional duties when presented against a duty credit scrip issued to a Status Holder under the Foreign Trade Policy, subject to conditions including registration with Customs, Customs debiting of notional duties on the scrip, an undertaking to the jurisdictional Central Excise Officer to pay short-debits or duties for non compliance with actual user conditions, endorsement and validation by the Officer, retention of debited and endorsed scrip by the manufacturer, and entitlement of the holder to drawback or CENVAT credit corresponding to duties debited on the scrip. en-us Sun, 14 Apr 2013 10:38:41 +0530 Thu, 23 Jan 2025 15:57:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=5568 Status Holder Incentive Scrip (SHIS) allows specified capital goods to be cleared free of central excise and specified additional duties when presented against a duty credit scrip issued to a Status Holder under the Foreign Trade Policy, subject to conditions including registration with Customs, Customs debiting of notional duties on the scrip, an undertaking to the jurisdictional Central Excise Officer to pay short-debits or duties for non compliance with actual user conditions, endorsement and validation by the Officer, retention of debited and endorsed scrip by the manufacturer, and entitlement of the holder to drawback or CENVAT credit corresponding to duties debited on the scrip. Discussion-Forum Central Excise Sun, 14 Apr 2013 10:38:41 +0530 https://www.taxtmi.com/forum/issue?id=5568