CBIC increases validity of e-scrips from one year to two years: Notification
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- By Chetan Kulasri
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- Last Updated on 17 September, 2022
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Notification No. 79/2022 – Customs (N.T.) dated September 15th, 2022
The CBIC has extended the validity of e-scrip to 2 years from one year. Now the e-scrips shall be valid for a period of two years from the date of its creation in the ledger and any duty credit in the e-scrip remaining unutilized at the end of this period shall lapse. The duty credit available in the e-scrip in the ledger shall be used for payment of specified duties of Customs.
In this regard, notification has been issued to amend Electronic Duty Credit Ledger Regulations, 2021 and Electronic Duty Credit Ledger (Amendment) Regulations, 2022 are notified.
Click Here To Read The Full Notification
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