Pay customs duty with scrips, not cash.
Cover any Bill of Entry with RoDTEP and RoSCTL scrips instead of rupees. ScripX assembles the cheapest whole-scrip bundle, applies it on ICEGATE, and the gap between face value and what you pay is yours to keep. Bundles typically land 1 to 4 percent under cash duty.
Cash duty is the most expensive way to clear a Bill of Entry.
Basic Customs Duty, IGST, and Social Welfare Surcharge come out of working capital, in full, every time you clear cargo. A duty credit scrip settles the same duty for less than its face value. The difference is money that never had to leave your account.
Every rupee of assessed duty is a rupee of your cash, locked in the Electronic Cash Ledger and gone the moment the Bill of Entry clears. No discount, no float, no upside.
A RoDTEP or RoSCTL scrip carries duty credit at full face value. Buy it below face, apply it on ICEGATE, and the same duty is settled for fewer rupees. Bundles typically land 1 to 4 percent under cash duty.
Scrips are freely transferable and the sale is GST-exempt. Every one is screened before it can be covered, and a September 2022 notification shields you, the bona-fide buyer, from the seller's prior defaults.
From assessed to
cleared, in four steps.
One Bill of Entry at a time, with the cheapest bundle assembled for you and nothing paid until you approve.
Your Bill of Entry, assessed
Your assessed Bills of Entry arrive from your ICEGATE, with Basic Customs Duty, IGST, and Social Welfare Surcharge already totalled. Pick the one you want to cover.
Synced with your ICEGATEThe cheapest bundle, assembled
ScripX assembles the cheapest whole-scrip bundle to cover the duty, first-expiry-first-out, so the scrips closest to expiry are used first. The ask is capped at face value, never above 100 percent.
Cheapest whole-scrip bundle · FEFOSee the net, then approve
You see the duty due, what you pay, and what you keep, side by side, before you commit. Nothing moves until you approve. No Bill of Entry pays itself.
You pay · You save · shown firstApplied on ICEGATE, in minutes
Funds lock, the scrips transfer, and the cover is applied against your Bill of Entry on ICEGATE. Any over-cover stays in your ledger. Settlement is atomic and clears in minutes, same day (T+0).
Atomic settlement · T+0₹9,18,000 of duty, covered for ₹8,93,000.
One real-shaped Bill of Entry. The duty is settled in full on ICEGATE, and ₹25,000 never leaves your account. Bundles typically land 1 to 4 percent under cash duty, and every rupee of it is yours to keep.
The Duty-Pay receipt: what you pay, what you keep
The cheapest whole-scrip bundle for this Bill of Entry, with the net laid out before you approve.
- Duty assessed ₹9,18,000, the Bill of Entry total across Basic Customs Duty, IGST, and Social Welfare Surcharge.
- Scrip cover ₹8,93,000, the cheapest whole-scrip bundle assembled FEFO, applied on ICEGATE.
- You keep ₹25,000, a 2.7 percent saving on this clearance, inside the typical 1 to 4 percent band.
- Ask capped at face, so any over-cover from a whole scrip stays in your ledger for the next Bill of Entry.
Every assessed Bill of Entry, pre-covered at the cheapest set.
Set a floor, say 96.50 percent, and Auto-Cover assembles the cheapest bundle for every Bill of Entry as it is assessed. It waits at approve. Nothing pays itself. You tap to clear, or leave it, and the guard-rails hold either way.
Covering duty on ScripX, or paying it the old way.
Duty gets paid in cash, or a scrip gets bought off a broker on a phone quote. Both clear the cargo. The difference is what you pay, what you can see, and who carries the risk on the title.
Cover the duty on a Bill of Entry for less, and see every rupee of it. Scrip sale is GST-exempt under HSN 4907. See how ScripX handles compliance and trust.
A scrip you cover has clean title, before you ever see it.
Every scrip is screened before it can be listed, and the law is on the buyer's side. What you cover a Bill of Entry with is a scrip whose history has already been checked.
Before a scrip can be covered, its shipping-bill chain is traced end to end, so the credit it carries is credit that was actually earned.
The seller's IEC history is reviewed and KYC is verified. A scrip with a questionable origin never reaches the bundle assembled for you.
Status is read live from the Electronic Duty Credit Ledger on ICEGATE. Issued, Reserved, or Transferred is the ledger's own word, not a stale copy.
Government notifications from September 2022 shield a bona-fide transferee from a seller's prior defaults. A clean title you buy stays clean.
Your funds lock in a partner-bank virtual account before any scrip moves. If a settlement fails, it unwinds and refunds in full the same business day.
Every trade ships a GST invoice, a net-realisation statement, and a hash-chained audit trail. Export the whole record to Excel whenever you want it.
What clearing on scrips actually means.
The ask on a scrip is capped at its face value, never above 100 percent. Over-cover from a whole scrip stays in your ledger for next time. You never pay more than the duty due.
Settlement is atomic, delivery versus payment. Your funds lock in a partner-bank virtual account before the scrip transfers on ICEGATE. A failed settlement unwinds and refunds in full the same day.
The cover is applied against your Bill of Entry in minutes, and payout to the seller fires on ICEGATE confirmation by IMPS with a UTR. In minutes, same day, every time.
ScripX operates ICEGATE under a signed, revocable Power of Attorney, and every write follows prepare, review, approve, e-sign, submit. No Bill of Entry pays itself.
Every trade ships a GST invoice and a net-realisation statement, price, fee, and take-home laid out. Scrip sale is GST-exempt under HSN 4907; the ScripX fee carries 18 percent GST.
A September 2022 notification shields a bona-fide transferee from a seller's prior defaults. Combined with provenance screening before listing, a clean title you buy stays clean.
Asked, answered.
Yes. RoDTEP and RoSCTL are duty credit scrips recorded in the Electronic Duty Credit Ledger on ICEGATE, and they are freely transferable by design. A buyer covers a Bill of Entry with scrips exactly as ICEGATE intends. The sale of a scrip is GST-exempt under HSN 4907, Notification 02/2017, so no GST rides on the scrip itself.
Every scrip is screened before it can be covered: the shipping-bill chain, the seller's IEC history, KYC, and live ledger status. Government notifications from September 2022 protect a bona-fide transferee from a seller's prior defaults, so a clean title you buy stays clean. If a settlement ever fails, it unwinds and refunds in full the same business day.
Settlement is atomic. Your funds lock in a partner-bank virtual account before the scrip moves, the transfer executes on ICEGATE, and the cover is applied against your assessed Bill of Entry. Payout to the seller fires on ICEGATE confirmation in minutes, same day (T+0). You clear duty in minutes, not on a wait.
Nothing is wasted. Bundles are assembled whole-scrip, so a bundle can slightly exceed your duty. The ask is always capped at face value, never above 100 percent, and any over-cover stays in your Electronic Duty Credit Ledger for the next Bill of Entry. You never pay more than the duty due.
In early access, zero: no commission, no processing fee. The buy leg carries a spread, in the worked example plus 1.20 percent, that funds the DvP settlement guarantee and provenance screening, and is already priced into the bundle you approve. Every trade ships a GST invoice and a net-realisation statement so the take-home is never a mystery.
No. ScripX operates ICEGATE under a signed, revocable Power of Attorney. Credentials live in a server-side vault, never in the browser, and every write follows prepare, review, approve, e-sign, submit. Nothing auto-submits, and every action lands in a hash-chained, tamper-evident audit trail you can export in full.
Selling scrips, or running a desk?
Your scrips sell themselves, at SRR or better
Scrolls mature at port, scrips land in your ledger, and Sell Now or Autopilot turns each one into cash above the floor you set.
See the sell side →The desk · For Brokers & CHAsRun every client IEC from one place
Keep the client and the commission while settlement and paperwork run on ScripX rails, with a quote API you can embed in your own portal.
See the desk →Guides · ResourcesDuty credit scrips, explained in plain English
How RoDTEP and RoSCTL scrips work, what the SRR means, and why covering a Bill of Entry on scrips is the cheaper clearance.
Read the guides →
Cover your next Bill of Entry for less.
Assessed duty in, the cheapest whole-scrip bundle out, applied on ICEGATE in minutes, same day.