DGFT Puts Issuance of Export Incentives on Hold Pending “Fund Allocation”

· Goes on Strike to Push RoDTEP Fund Allocation

The commerce ministry on Thursday said issuance of benefits under different export incentive schemes would be on hold for a temporary period due to changes in the allocation procedure.

Exporters avail benefits under schemes like merchandise export from India scheme (MEIS), services export from India scheme (SEIS), Rebate of State Levies (RoSL), and Rebate of State and Central Taxes and Levies (ROSCTL).

Duty credit scrips or certificates to exporters: These scrips can be transferred or used for payment of a number of duties including the basic customs duty. There is no hold up on transfers.

The Directorate General of Foreign Trade (DGFT), under the Ministry, said during the period, no fresh applications would be allowed to be submitted at the online IT module of DGFT for these schemes and all submitted applications pending for issuance of scrips would also be on hold.

''Members of the trade and industry are informed that issuance of benefits/scrips under MEIS, SEIS, ROSL and ROSCTL schemes would be on hold for a temporary period due to changes in the allocation procedure,'' the directorate said in a trade notice to all members of trade and industry, customs authorities and regional authorities of DGFT.

[DGFT Trade Notice No. 08/2021-22 dated 8 July 2021]

Sub: Acceptance, processing and issuance of claims under MEIS, SEIS, ROSL, ROSCTL in the DGFT IT modules

Members of the Trade and Industry are informed that issuance of benefits/scrips under MEIS, SEIS, ROSL and ROSCTL Schemes would be on hold for a temporary period due to changes in the allocation procedure. During this period, no fresh applications would be allowed to be submitted at the online IT module of DGFT for these schemes and all submitted applications pending for issuance of scrips would also be on hold. Trade would be suitably informed, once issuance of scrips is opened again.

[File no. Ol/61/180/226/AM19/PC-3]