CBIC extends The Validity Of E-Scrip From 1 year To 2 years
Mariya Paliwala
19 Sept 2022 10:05 AM IST
The Central Board of Indirect Taxes and Customs (CBIC) has extended the validity from 1 year to 2 years.The Board has amended the Electronic Duty Credit Ledger Regulations, 2021 by notifying Electronic Duty Credit Ledger (Amendment) Regulations, 2022.In the Electronic Duty Credit Ledger Regulations, 2021, in regulation 6(2), for the words "one year", the words "two years" shall be...
The Central Board of Indirect Taxes and Customs (CBIC) has extended the validity from 1 year to 2 years.
The Board has amended the Electronic Duty Credit Ledger Regulations, 2021 by notifying Electronic Duty Credit Ledger (Amendment) Regulations, 2022.
In the Electronic Duty Credit Ledger Regulations, 2021, in regulation 6(2), for the words "one year", the words "two years" shall be substituted.
As per Regulation 6(2) of the Electronic Duty Credit Ledger Regulations, 2021, the e-scrip shall be valid for a period of two years from the date of its creation in the ledger and any duty credit in the said e-scrip remaining unutilized at the end of this period shall lapse.
In regulation 7(3), for the words "one year", the words "two years" shall be substituted.
According to Regulation 7(3), the validity period of the e-scrip, which is two years from its creation, shall not be affected by the transfer of the e-scrip.
Notification No. 79/2022-Customs (N.T.)
Dated: 15.09.2022
