Many of us are awaiting for DGFT online portal to start with online application filing of MEIS, SEIS and RoSL / RoSCTL for the exports made till December 2020. In the meantime, the Commerce Ministry has issued Notification No. 26/2015-2020 dated 16 September 2021 to notify Last date for submitting applications for scrip based FTP schemes and validity period of duty credit scrips. Below are excerpts from notification for your quick reference:
Last date for submitting online applications stands revised to 31 December 2021 for following schemes:
AFTER 31 DECEMBER 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 suppression of existing late cut provisions, new late cut provisions for application submitted upto 31 Dec 2021 (as stated below) shall apply:
|Sr No.||Scheme||Period of Exports||Late Cut|
|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|
|5||ROSCTL||07.03.2019 to 31.12.2020||Nil|
Validity period of Scrip:
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.