value of the scrips, which has money value.
The debiting of the scrip amounts to payment of duty.
d) Scrips have money value ... importer at all. An adjustment of duty from the duty credit
scrips by way of debit is not to be termed as Nil duty
directing the respondents to re-credit the
Social Welfare Surcharge component in all the MEIS and SEIS duty
credit scrips of the petitioner from which ... respondents to re-credit the Social Welfare Surcharge
component in all the MEIS and SEIS duty credit scrips of the
petitioner from which such surcharge
2020-Customs dated 10.01.2020 has stated that
the duty credit scrips issued under schemes such as
MEIS, SEIS, etc. are granted as rewards / incentives ... mention that the debit of SWS through duty
credit scrip is not envisaged in the FTP and the
exemption notifications. Further it is clarified that
respect of these products, the exporter is entitled for a duty credit scrip equivalent to 5% of the FOB value of exports. It is their ... further case that the above duty credit scrip can be used for import of any inputs or goods which are otherwise, permitted to be imported
Policy [2015-2020] is
extracted hereunder:
3.02 Nature of Rewards
Duty Credit Scrips shall be granted as rewards under MEIS
and SEIS. The Duty Credit ... Batch
/domestically procured against them shall be freely
transferable. The Duty Credit Scrips can be used for :
(i) Payment of Customs Duties for import
Policy [2015-2020] is
extracted hereunder:
3.02 Nature of Rewards
Duty Credit Scrips shall be granted as rewards under MEIS
and SEIS. The Duty Credit ... Batch
/domestically procured against them shall be freely
transferable. The Duty Credit Scrips can be used for :
(i) Payment of Customs Duties for import
Policy [2015-2020] is
extracted hereunder:
3.02 Nature of Rewards
Duty Credit Scrips shall be granted as rewards under MEIS
and SEIS. The Duty Credit ... Batch
/domestically procured against them shall be freely
transferable. The Duty Credit Scrips can be used for :
(i) Payment of Customs Duties for import
Policy [2015-2020] is
extracted hereunder:
3.02 Nature of Rewards
Duty Credit Scrips shall be granted as rewards under MEIS
and SEIS. The Duty Credit ... Batch
/domestically procured against them shall be freely
transferable. The Duty Credit Scrips can be used for :
(i) Payment of Customs Duties for import
Policy [2015-2020] is
extracted hereunder:
3.02 Nature of Rewards
Duty Credit Scrips shall be granted as rewards under MEIS
and SEIS. The Duty Credit ... Batch
/domestically procured against them shall be freely
transferable. The Duty Credit Scrips can be used for :
(i) Payment of Customs Duties for import
same and
consequently, direct the Respondents to refund the Duty credit Scrips
amounting to Rs.86,85,133/- illegally collected from the petitioner with
consequential ... stood enhanced to 10%. The impugned order thus
states that the credits scrips that were issued to the petitioner on 21.02.2011 had
inadvertently computed
