Finalisation of provisional assessment cases - clearance of imported goods under DEPB Scheme

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..... mported goods under DEPB Scheme. Instances have been reported to the Board by field formations where the provisional duty determined on import of goods is beingn debited in DEPB scrips. At the time of finalisation of assessment, the final duty payable may be more or less than the duty which was provisionally assessed. In cases where the final duty is more than the provisional duty, th .....

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..... rovisional duty, the excess credit must be recredited in the DEPB scrip. Secondly, a DEPB scrip, can be debited only to the extent of duty leviable. In case the refund is not re-credited in the DEPB scrip, the action would amount of higher amount of duty that the amount of duty leviable under low and would be illegal. 4. Therefore, in such cases, then eligible refund (excess debit) must b .....

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