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TMI BlogElectronic Duty Credit Ledger Regulations, 2021.X X X X Extracts X X X X X X X X Extracts X X X X ..... ion in the Official Gazette. 2. Definitions. (1) In these regulations, unless the context otherwise requires, - (a) Act means the Customs Act, 1962 (52 of 1962) ; (b) Claim means a claim of duty credit under the Schemes, made by an exporter in the shipping bill or bill of export by providing the appropriate declaration at the item level in the said shipping bill or bill of export in the customs automated system; (c) Customs station means any customs port, customs airport, land customs station or inland container depot; (d) Duty credit means the amount of credit of duty allowed by Customs against a claim under the Schemes; (e) Electronic duty credit ledger means the ledger in the customs automated system rela ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... port report. (3) Once the claim is allowed, a scroll for duty credit will be generated by the proper officer in the customs automated system. Separate scrolls will be generated for each Scheme. (4) The scroll details, including the details of shipping bill or bill of export, duty credit allowed and date of generation of scroll, shall be visible in the customs automated system to the exporter who is the recipient of such duty credit. 4. Creation of e-scrip in the ledger. - (1) The exporter shall have the option to combine the duty credits under a particular Scheme, allowed to him in one or more shipping bills or bills of export, and to carry forward the said duty credits to create an e-scrip for that Scheme in the ledger, customs ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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. 7. Transfer of duty credit in e-scrip. - (1) Transfer of duty credit in e-scrip shall be allowed within the customs automated system from the ledger of a person to the ledger of another person who is a holder of an Importer-exporter Code Number issued in terms of the Foreign Trade (Development and Regulation) Act, 1992 (22 of 1992) . (2) The duty credit available in an e-scrip shall be transferred at a time for the entire amount in the said escrip to another person and transfer of the duty credit in part shall not be permitted. (3) The period of validity of the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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