The CBIC issues Notification No. 13/2020 – Customs dated 14 February 2020 to provide exemption from customs duty and any additional duty as leviable under the Customs Tariff Act, to goods imported into India, against a duty credit scrip issued by the Rebate of State and Central Taxes and Levies (‘RoSCTL’). The said scrip may include duty credit provided under the Additional Ad Hoc Incentives.
In order to avail the benefit of the said exemption against scrips issued by RoSCTL, following conditions shall be fulfilled by the importers:
Disclaimer:
The information provided in this update is intended for informational purposes only and does not constitute legal opinion or advice. Readers are requested to seek formal legal advice prior to acting upon any of the information provided herein. This update is not intended to address the circumstances of any particular individual or corporate body. There can be no assurance that the judicial/ quasi judicial authorities may not take a position contrary to the views mentioned hereinrra quis.
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