Customs - Verification of Duty Credit Scrips - CBEC Instructions
THERE was a provision under the FTP that "before registration, authorities shall verify genuineness of duty credit scrips, from RA concerned, until EDI system of message exchange is put in place". This is no retained in the new annual supplement to the FTP. In Circular No. 5/2010- Cus dated 16.03.2010, Board had instructed that, "As regards the duty credit scrips issued under Chapter 3 of FTP, the verification of genuineness of scrips in terms of Para 3.11.3 of the HBP v.1 shall be done before allowing registration of such scrips . Further, the Commissioner may cause random verification of the shipping bills based on which the said duty credit scrip has been issued to ascertain the genuineness of such shipping bills. ………………….. This procedure will be reviewed once online transmission of the duty credit scrips issued under Chapter 3 of FTP is operationalized".
Since, EDI system of message exchange has not been put in place and online transmission of duly validated duty credit scrips is not operational, Board has decided that even while the words and figures "in terms of Para 3.11.3 of the HBP v.1" shall stand deleted from first sentence of para 2(e) of Circular No.5/2010-Customs, the verification of genuineness of scrips shall continue to be done as before prior to registration of such scrips.
Circular No. , Dated: July 5, 2012