Last Date for submitting applications for Scrip based FTP Schemes (MEIS, SEIS, ROSCTL, ROSL and 2% additional ad hoc incentive) & validity period of Duty Credit Scrips

Circular No. ES/151/2021-22 17^th September, 2021

IMPORTANT

To: Members of the Council

Sub: Last Date for submitting applications for Scrip based FTP Schemes (MEIS, SEIS, ROSCTL, ROSL and 2% additional ad hoc incentive) & validity period of Duty Credit Scrips

Dear Member,

We would like to inform you that O/o DGFT has issued Notification No. 26/2015-20 dated 16th September, 2021 informing about the last date for submitting applications for Scrip based FTP Schemes (MEIS, SEIS, ROSCTL, ROSL and 2% additional ad hoc incentive) as 31^st December, 2021 and validity period of Duty Credit Scrips issued on or after 16.09.2021 shall be 12 months from the date of issue for scrip based Schemes under Chapters 3 & 4 of FTP 2015-20 or the earlier FTPs.

The Central Government hereby inserts the following in the FTP 2015-20 with immediate effect:

Following paragraphs are inserted in the FTP 2015-20 after paragraph 3.13:

“3.13A: Last Date of Submitting Applications for Scrip based Schemes:

In supersession of the existing laid down provisions in the Hand Book of Procedures, 2015-20 with regard to last date for submitting online applications for scrip based claims, the last date for submitting online applications stands revised to 31st December 2021 for the following schemes i.e.

for MEIS (for exports made in the period(s) 01.07.2018 to 31.03.2019, 01.04.2019 to 31.03.2020 and 01.04.2020 to 31.12.2020),
for SEIS (for service exports rendered in FY 18-19 and FY 2019-20),
for 2 % additional ad hoc incentive (under para 3.25 of the FTP — for exports made in the period 01.01.2020 to 31.03.2020 only),
for ROSCTL (for exports made from 07.03.2019 to 31.12.2020)
for ROSL (for exports made upto 06.03.2019 for which claims have not yet been disbursed under scrip mechanism).

After 31.12.2021, no further applications would be allowed to be submitted and they would become time-barred. Late cut provisions shall also not be available for submitting claims at a later date.

In supersession of the laid down provisions on applicable late cut as in para 9.02 of the HBP, the new late cut for applications submitted upto 31.12.2021 as indicated above shall be:

SI. no.	Scheme	Period of Exports (Let Export Date in the period)/ Services rendered in the period	Late Cut (as % age of Entitlement under the Scheme)
1	MEIS	FY 2018-19 (01.07.2018 to 31.03.2019)	10%
2	MEIS	FY 2019-20 and FY 2020-21 (upto 31.12.2020)	Nil
3	SEIS	FY 2018-19	5 %
4	SEIS	FY 2019-20	Nil
5	RoSCTL	07.03.2019 to 31.12.2020	Nil
6	RoSL	Upto 06.03.2019	Nil

3.13B: Validity Period of Scrips:

In supersession of existing laid down provisions regarding validity of a Duty Credit Scrip in Hand Book of Procedures (HBP) 2015-20, the new validity period of a Duty Credit Scrip issued on or after 16.09.2021 shall be 12 months from the date of issue, for scrip based Schemes under chapter 3 and chapter 4 of the Foreign Trade Policy (FTP) 2015-20 or the earlier FTPs”

Members may kindly make a note of the above and do the needful at the earliest.

Thanking you,

Yours faithfully,

S. BALARAJU
EXECUTIVE DIRECTOR