The Central Board of Indirect Taxes and Customs on 15th September 2022 published the Electronic Duty Credit Ledger (Amendment) Regulations, 2022 through which it has increased the validity of E-scrip from 1 year to 2 years.
The duty credit available in the e-scrip in the ledger shall be used for payment of duties of Customs specified in the First Schedule to the Customs Tariff Act, 1975. The e-scrip shall be valid for a period of 2 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
The duty credit in the e-scrip that has lapsed shall not be re-generated. The ledger, including e-scrip and the transactions made therein, shall be visible in the customs automated system to the recipient of such duty credit and the Customs.
