Custom
TRT-2025-
Date:-15-09-22
In:-
Issue Favourable to Tax Payer ?:-
Notification No. 79/2022-Customs (N.T.) dated 15 September 2022
Earlier, the CBIC vide Notification No. 75/2021-Customs (N.T.) dated September 23, 2021 (“NN 75/2021- Customs”) has notified Electronic Duty Credit Ledger Regulations, 2021.
Now, CBIC vide Notification No. 79/2022-Customs (N.T.) dated September 15, 2022 has issued amendment in NN 75/2021- Customs, in a following manner:
- Substituted the words “one year” with “two years” in Regulation 6(2):
“6. Use and validity of e-scrip. – (2) The e-scrip shall be valid for a period of two years 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.
- Substituted the words “one year” with “two years” in Regulation 7(3):
“7. Transfer of duty credit in e-scrip. – (3) The period of validity of the e-scrip, of two years from its creation, shall not change on account of transfer of the e-scrip.”
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