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.”