Duty payment through various duty credit scrips issued under Chapter 3 of FTP- 2015-2020

Circular No.ES/30/2018-19                                                                         April 20, 2018

To: Members of the Council

Sub.:  Duty payment through various duty credit scrips issued under Chapter 3 of FTP- 2015-2020

Dear Member,

JNCH (Nhava Sheva) has issued Public Notice No. 60/2018 dated 17^th April, 2018 regarding Duty payment through various duty credit scrips issued under Chapter 3 of FTP- 2015-2020.

The Appraising Group 7H deals with such bills of entry, wherein the duty is proposed to be paid through “duty credit scrips issued under Chapter 3 of Foreign Trade Policy.

JNCH has noticed that duty credit scrips are being used in piece meal manner despite the higher duty liability in the Bill of Entry and duty credit available in the said scrips. Moreover, some importers declare their intention to use such scrips while filing bill of entry but subsequently, they insist for removal/ partial removal of the said scrips at assessment stage.

Now, in order to reduce such aberrations / manipulations, which affects the normal working and delays the verification of assessment, it has been decided by the Competent Authority that:

1. Once importer declares the intention to use Duty Credit Scrip, during filing of Bill of Entry, he will not be allowed to change that option at assessment stage.
2. If the duty payable as per the Bills of Entry is more than whole amount available in the scrip/s, then whole amount available in the scrip/s needs to be used for payment of duty.
3. If the duty payable as per Bill of Entry is less than the credit amount available in scrip/s, then total duty amount needs to be paid by using scrip/s.

In case of any difficulty, members may kindly contact the Deputy/Assistant Commissioner, Appraising Main (Import), NS-III (appraisingmain.jnch@gov.in).

Thanking you,

Yours faithfully,

S. BALARAJU
EXECUTIVE DIRECTOR