• Duty credit scrip is an important export promotion incentive (under Foreign Trade Policy 2015-20) provided by the government to exporters in which government gives tax incentives to the exporters.
• The government gives a receipt/paper to the exporter worth some percentage (2% to 5%) of the export value.
• This paper the exporter can use to adjust against tax payment for example import duty on raw materials used for exports or other taxes on manufacturing processes.
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