Circular No. 11/99-Cus
dated 10/3/1999
F.No. 605/156/98-DBK
Government of India
Ministry of Finance
Department of Revenue, New Delhi
Reference have been received from the field to clarify the date on which a DEPB scrip must be valid in order that the applicable customs duty may be debited in the scrip.
2. The issue has been examined in the Board and it has been decided that since DEPB scrip is in the nature of a duty credit entitlement, it must be valid on the date on which actual debit of duty is made in the scrip.
Sd/-
(Sandeep Ahuja)
Under Secretary (DBK)
