CBIC notifies manner to issue duty credit for goods exported under the continuation of Scheme for RoSCTL

Last updated: 25 September 2021

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The Central Board of Indirect Taxes and Customs (CBIC) has issued new guidelines on how duty credit is issued for goods exported under the Scheme for Rebate of State and Central Taxes and Levies (RoSCTL). This notification details the conditions and restrictions for claiming this duty credit, which is applicable to exports of garments and made-ups. It also outlines procedures for cancellation and recovery of duty credit in case of non-compliance or non-realisation of sale proceeds.

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 77/2021-Customs (N.T.) New Delhi, the 24thSeptember, 2021 G.S.R. 663(E). -In exercise of the powers conferred by sub-section (1) of section 51B of the Customs Act, 1962 (52 of 1962) (hereinafter referred to as the said Act), the Central Government, hereby notifies the manner of issue of duty credit for goods exported under the Scheme for Rebate of State and Central Taxes and Levies (hereinafter referred t

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FAQ :

This notification specifies the manner in which duty credit is issued for goods exported under the Scheme for Rebate of State and Central Taxes and Levies (RoSCTL).

Duty credit is available for exports of garments and made-ups, provided certain conditions are met, including making the claim in the shipping bill or bill of export in the customs automated system.

Conditions include exporting garments and made-ups, providing a declaration in the shipping bill, filing on or after January 1, 2021, and allowing the claim after customs checks and filing of export manifest.

The duty credit can be used for payment of customs duty on goods imported into India.

Yes, certain export categories are ineligible, including restricted or prohibited goods, exports through trans-shipment, goods subject to minimum export price or duty, and goods manufactured or exported by units in SEZs or EOUs.

If sale proceeds are not realised within the allowed period under the Foreign Exchange Management Act, the exporter must repay the duty credit along with interest. Failure to do so will result in recovery proceedings.

Notification No : 77/2021-Customs (N.T.)
Source : https://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2021/cs-nt2021/csnt77-2021.pdf

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