TMI BlogPost Export EPCG Duty Credit Scrip Scheme notifiedX X X X Extracts X X X X X X X X Extracts X X X X ..... e said Central Excise Act , when cleared against a Post Export Export Promotion Capital Goods duty credit scrip (0% Export Promotion Capital Goods variant) issued by the Regional Authority in accordance with paragraph 5.11 under Chapter 5 [Export Promotion Capital Goods (EPCG) Scheme] of the Foreign Trade Policy which provides for duty remission in proportion to export obligation fulfilled (hereinafter referred to as the said scrip) from the whole of duty of excise leviable thereon under the Fourth Schedule to the said Central Excise Act . ] - (i) the whole of the duty of excise leviable thereon under the First Schedule and the Second Schedule to the Central Excise Tariff Act, 1985 (5 of 1986); (ii) the whole of the addition ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he necessary details thereon, updates its own records and sends written advice of these actions to the said Officer; (d) that the validity of the said scrip shall be eighteen months from the date of issue and the said scrip shall be valid on the date on which the above debit of duty is made; (e) that at the time of clearance, the holder of the scrip presents the said scrip debited by the said Customs authority to the said Officer along with an undertaking addressed to the said Officer that in case of any amount short debited in the said scrip he shall pay on demand an amount equal to the short debit, along with applicable interest; (f) that based on the said written advice and undertaking, the said Officer endorses the clearance pa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ommerce and Industry, No.1 (RE 2012) /2009-2014, dated the 5 th June 2012 , as amended from time to time; (C) Handbook of Procedures, Volume 1 means the Handbook of Procedures Volume 1, 2009-14, published in the Gazette of India, Extraordinary, Part I, Section 1 vide public notice of the Government of India in the Ministry of Commerce and Industry, Department of Commerce, No.01 (RE - 2012)/2009-2014, dated the 5 th June, 2012, as amended from time to time; (D) Regional Authority means the Director General of Foreign Trade appointed under section 6 of the Foreign Trade (Development and Regulation) Act, 1992 (22 of 1992) or an officer authorised by him to grant an authorisation, including a duty credit scrip under the sai ..... X X X X Extracts X X X X X X X X Extracts X X X X
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