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Reetu | Sep 28, 2022 | Views 43171

CBIC Notifies amendments to RoSCTL Scheme

CBIC Notifies amendments to RoSCTL Scheme

The Central Board of Indirect Taxes and Custom(CBIC) has notified Amendments to Rebate of State and Central Taxes and Levies (RoSCTL) Scheme.

The undersigned is directed to say that the RoSCTL scheme notification No. 77/2021-Customs (N.T.) dated 24.09.2021 has been amended vide notification No. 76/2022 – Customs (N.T.) dated 14.09.2022.whereby the para 4(2), para 5(5) and the words “or the transferee” in para 6 of the principal notification have been deleted. The effect of these amendments is the deletion of certain conditions related to transferee-holder of the scrip.

Further, the Electronic Duty Credit Ledger Regulations, 2021 issued vide notification No. 75/2021-Customs (N.T.) dated 23.09.2021 have been amended vide notification No. 79/2022 – Customs (N.T.) dated 15.09.2022. In Regulations 6(2) and 7(3) of the principal regulations, the words “two years” have been substituted for the words “one year”. The effect of these amendments is that the validity period of scrips is increased from one year to two years from the date of their generation.

It is requested to issue suitable public notice and standing order in this regard.

For Official Circular Download PDF Given Below:

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