CIR No. 11/1999-Cus Dated 10-03-1999
- Document type
- Circular
- Reference no.
- E
- Dated
Clarify the DEPB Script
F.No. 605/156/98-DBK
Circular No.11/1999-Cus date 10/3/1999
Reference have been received from the field to clarify the date on which a DEPB scrip must be valid in order that the applicable customs duty may be debited in the scrip.
2. The issue has been examined in the Board and it has been decided that since DEPB scrip is in the nature of a duty credit entitlement, it must be valid on the date on which actual debit of duty is made in the scrip.
Sd/-
(Sandeep Ahuja)
Under Secretary (DBK)
Reference have been received from the field to clarify the date on which a DEPB scrip must be valid in order that the applicable customs duty may be debited in the scrip.
2. The issue has been examined in the Board and it has been decided that since DEPB scrip is in the nature of a duty credit entitlement, it must be valid on the date on which actual debit of duty is made in the scrip.
Sd/-
(Sandeep Ahuja)
Under Secretary (DBK)