Electronic Duty Credit Ledger Regulations, 2021

Regulation 7. Transfer of duty credit in e-scrip

(1) Transfer of duty credit in e-scrip shall be allowed within the customs automated system from the ledger of a person to the ledger of another person who is a holder of an Importer-exporter Code Number issued in terms of the Foreign Trade (Development and Regulation) Act, 1992 (22 of 1992).

(2) The duty credit available in an e-scrip shall be transferred at a time for the entire amount in the said e-scrip to another person and transfer of the duty credit in part shall not be permitted.

(3) The period of validity of the e-scrip, of ¹[two years] ^[helldodold[one year]^helldod] from its creation, shall not change on account of transfer of the e-scrip.

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

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