Ministry of Finance exempts goods from duty credit scrip when imported to India

Oct 22, 2020 | by Avantis RegTech Legal Research Team

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Finance & Taxation Compliance

The Ministry of Finance on October 21, 2020 has issued a notification for exemption of goods, when imported into India against the duty credit scrip issued by the Regional Authority under the Scheme for Rebate of State Levies on export of garments and made-ups. 

The following conditions are important for the goods to be exempted: 

• When the duty credit scrip is issued against the export of the garments or made ups and the order permitting clearance and loading of goods for exportation has been made on or before October 20, 2016 for garments and March 23, 2017 for the made-ups till March 06, 2019. 

• For all the exports as per the rate and cap as notified by the Ministry of textiles from time to time and in operation at the time of the order permitting clearance and loading of goods for exportation. 

• The exporter has not claimed or shall not claim a rebate or refund under the scheme. 

• The rebate shall not be given under the scheme for the exports made against Advance Authorisation Scheme. 

• The scrip is registered at the port of authorisation. 

• Scrip is produced by a customs clearance officer at the time of loading or clearance of the goods. 

• The goods shall be freely transferable. 

[Notification No. 38/2020- Customs]



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