Electronic Duty Credit Ledger Regulations

September 26, 2021 By newtaxindia Off

The Central Board of Indirect taxes and Customs has notified the Electronic Duty Credit Ledger Regulations, 2021 on September 23, 2021 vide notification 75/ 2021. Key features of the regulations are:


Issuance of duty credit in the scroll – Any bill of export under section 50 of the Customs Act, 1962 on or after the January 1, 2021 and having a claim of duty credit under the Scheme shall be processed in the customs automated system. The claim shall be allowed by Customs according to the conditions and restrictions notified for the Scheme. Once the claim is allowed, a scroll for duty credit will be generated separately for each Scheme. The scroll details shall be visible in the customs automated system to the exporter who is the recipient of such duty credit.
E-scrip creation – The exporter shall have the option to combine the duty credits under a particular Scheme to carry forward the said duty credits to create an e-scrip for that Scheme in the ledger within a period of one year from the date of generation of the scroll in the customs automated system.


Registration of e-scrip – The customs station of export shall be the customs station of registration for an e-scrip, which shall be automatic and separate application for the same shall not be required to be filed.
Validity of e-scrip – The e-scrip shall be valid for a period of one year 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.
Transfer of duty credit in e-scrip – The duty credit in e-scrip can be transferred 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.


Suspension or cancellation of duty credit – In contravention of any of the provisions in relation to the exports to which the duty credit relates, or in relation to the e-scrip, the said duty credit or e-scrip may be suspended or cancelled in the ledger in the manner as notified by the Central Government under section 51B of the Customs Act, 1962.