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Seeks to notify the manner to issue duty credit for goods exported under the continuation of Scheme for Rebate of State and Central Taxes and Levies (RoSCTL) - 77/2021 - Customs - Non Tariff

Extract

..... o the following conditions, namely:- (1) that the duty credit is issued - (a) against exports of garments and made-ups (hereinafter referred to as the said goods) and their respective rate and cap as listed in Schedules 1, 2, 3 and 4 to the notification of Government of India, Ministry of Textiles’ notification No. 14/26/2016-IT (Vol.II), dated the 8th March, 2019 for the Scheme: Provided that the value of the said goods for calculation of duty credit to be allowed under the Scheme shall be the declared export Free on Board (FOB) value of the said goods or up to 1.5 times the market price of the said goods, whichever is less; (b) against claim of duty credit under the Scheme made by an exporter by providing the appropriate declaration .....

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Seeks to notify the manner to issue duty credit for goods exported under the continuation of Scheme for Rebate of State and Central Taxes and Levies (RoSCTL) - 77/2021 - Customs - Non Tariff

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..... nland container depots or through the land customs stations which allow the bill of entry and shipping bill or bill of export to be presented and processed electronically on the customs automated system; (6) that the exporter has realised the sale proceeds against export of goods made earlier by the said exporter where the period allowed for realisation, including any extension of the said period by the Reserve Bank of India, has expired: Provided that duty credit shall be issued by Customs in excess of the ineligible amount of duty credit pertaining to the unrealised portion of sale proceeds against export of goods made earlier: Provided further that if the Principal Commissioner of Customs or Commissioner of Customs has reason to believe, .....

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Seeks to notify the manner to issue duty credit for goods exported under the continuation of Scheme for Rebate of State and Central Taxes and Levies (RoSCTL) - 77/2021 - Customs - Non Tariff

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..... being in force, suspend the operation of the said e-scrip or the electronic duty credit ledger of such exporter or any duty credit transferred from such e-scrip, during pendency of the enquiry under sub-clause (1). 4. Recovery of amount of duty credit.- (1) Where an amount of duty credit has, for any reason, been allowed in excess of what the exporter is entitled to, the exporter shall repay the amount so allowed in excess, himself or on demand by the proper officer, along with interest, at the rate as fixed under section 28AA of the said Act for the purposes of that section, on that portion of duty credit allowed in excess, which has been used or transferred, and where the exporter fails to repay the amount along with interest, as applica .....

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Seeks to notify the manner to issue duty credit for goods exported under the continuation of Scheme for Rebate of State and Central Taxes and Levies (RoSCTL) - 77/2021 - Customs - Non Tariff

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..... st, within fifteen days of expiry of the said period. (3) If a part of the sale proceeds has been realised, the amount of duty credit to be recovered shall be the amount equal to that portion of the amount of duty credit allowed which bears the same proportion as the portion of the sale proceeds not realised bears to the total amount of sale proceeds. (4) Where the exporter fails to repay the duty credit amount within the said period of fifteen days, the said duty credit shall be deemed never to have been allowed and it shall be recovered, along with the said interest, in the manner as provided in section 142 of the said Act. (5) The proper officer of Customs may, without prejudice to any action against the exporter, proceed for recovery of .....

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Seeks to notify the manner to issue duty credit for goods exported under the continuation of Scheme for Rebate of State and Central Taxes and Levies (RoSCTL) - 77/2021 - Customs - Non Tariff

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..... e to time; (g) “garments and made-ups” shall have the same meaning as assigned to them in the Government of India, Ministry of Textiles’ notification No. 12015/11/2020-TTP, dated the 13th August, 2021 notifying the continuation of Scheme for Rebate of State and Central Taxes and Levies on Export of Apparel/Garments and Made-ups (RoSCTL); (h) “proper officer” means Deputy Commissioner or Assistant Commissioner of Customs. TABLE-1 Sl. No. Export categories or sectors ineligible for duty credit (1) (2) 1. Goods which are restricted or prohibited for export under Schedule-2 of Export Policy in ITC- HS 2. Export of imported goods covered under paragraph 2.46 of Foreign Trade Policy 3. Exports through trans-shipment, .....

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Seeks to notify the manner to issue duty credit for goods exported under the continuation of Scheme for Rebate of State and Central Taxes and Levies (RoSCTL) - 77/2021 - Customs - Non Tariff

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