Electronic Duty Credit Ledger Regulations, 2021

Regulation 6. Use and validity of e-scrip

(1) The duty credit available in the e-scrip in the ledger shall be used for payment of duties of Customs specified in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975).

(2) The e-scrip shall be valid for a period of ¹[two years] ^[helldodold[one year]^helldod] from the date of its creation in the ledger and any duty credit in the said e-scrip remaining unutilized at the end of this period shall lapse.

(3) Such duty credit in the e-scrip that has lapsed shall not be re-generated.

(4) The ledger, including e-scrip and the transactions made therein, shall be visible in the customs automated system to the recipient of such duty credit and the Customs.

1. Substituted Vide Notification No. 79/2022-Customs  (N.T.) Dated 15/09/2022