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    <description>The Regulations implement an Electronic Duty Credit Ledger to record duty credits under designated export Schemes, with credits allowed via system-generated scrolls. Exporters may combine credits and create an e-scrip within one year, otherwise the system consolidates credits station-wise. Each e-scrip is auto-registered at the customs station of export, carries a unique identifier, is visible in the automated system, is valid for one year, may be transferred only whole to another IEC holder, and may be suspended or cancelled for contraventions.</description>
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