Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise & Customs
Subject – DEPB Scrips – Utilisation for payment of duty under other schemes – Restriction
Board has issued Circular No. 76/98-Cus. dated 12th October, 1998 which inter alia stated that duty payable on goods imported under EPCD Scheme and Project Import etc. can be debited in a DEPB scrip instead of payment in cash.
“The credit under DEPB may be utilised for payment of customs duty on any item which is freely importable, except capital goods”.