Regulation 6 - Use and validity of e-scrip - Electronic Duty Credit Ledger Regulations, 2021

6. Use and validity of e-scrip. - (1) The duty credit available in the e-scrip in the ledger shall be used for payment of duties of Customs specified in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975). (2) The e-scrip shall be valid for a period of 1 [ 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. (3) Such duty credit in the e-scrip that has lapsed shall not be re-generated. (4) The ledger, including e-scrip and the transactions made therein, shall be visible in the customs automated system to the recipient of such duty credit and the Customs. ************* NOTES:- 1. Substituted vide NOTIFICATION NO. 79/2022-Customs (N.T.) dated 15-09-2022 before it was read as, one year