DGFT

Enhancement in the validity period of Duty Credit Scrips issued

on or  after 01.01.2016

Dear Members,

Kindly note that O/o DGFT New Delhi has Issued  Public Notice No.33/2015-2020 dated 23/10/2017  regarding enhancement  in validity period of Duty Credit Scrips issued on or after 01.01.2016.

As you are aware, the existing validity of Duty Credit Scrip is  18 months from the date of issue and must be valid on the date on which actual debit of duty is made. Revalidation of Duty Credit Scrip shall not be permitted unless covered under paragraph 2.20(c) of HBP.

However, as an effect of this Public Notice, Duty Credit Scrip issued on or after 01.01.2016 under chapter 3 shall be valid for a period of 24 months from the date of issue and must be valid on the date on which actual debit of duty is made. Revalidation of Duty Credit Scrip shall not be permitted unless covered under paragraph 2.20(c) of HBP.

Members are requested to take note of this positive development and utilise accordingly.   The above-said PN can also be accessed using below link:

 http://dgft.gov.in/Exim/2000/PN/PN17/PN%2033%20in%20english.pdf

Thanking You,

Yours faithfully,

(S.G. BHARADI)
Executive Director
CHEMEXCIL