Extended the last date of submitting applications for scrip-based FTP schemes to February 28, 2022
Background
Earlier, the DGFT vide Notification No. 48/2015-2020 dated December 31, 2021 issued amendments by inserting Para 3.13A in the Foreign Trade Policy 2015-2020 (“the FTP”), in order to specify the last date of submitting applications under Merchandise Exports from India Scheme (“MEIS”), Service Exports from India Scheme (“SEIS”), Rebate of State & Central Taxes and Levies (“RoSCTL”), Rebate of State Levies (“ROSL“) and 2% additional ad hoc incentive under para 3.25 of the FTP, for scrip based schemes as January 31, 2022.
Notification:
The DGFT, vide Notification No. 53/2015-2020 dated February 1, 2022 has amended Para 3.13A of the FTP in order to extend the last date of submitting applications for script-based schemes under MEIS, SEIS, ROSCTL, ROSL and 2% additional ad hoc incentive, to February 28, 2022.
The amended Para 3.13A of the FTP now reads as below:
- 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 February 28, 2022 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 for 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) and
- for ROSL (for exports made upto 06.03.2019 for which claims have not yet been disbursed under scrip mechanism).
After 28.02.2022, 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 28.02.2022 as indicated above shall be:
| Sl 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 |
