• SA46SRT_360x90_image
  • CCI AD FROM 5th April 2021

Extension of last date for submission of applications under certain Scrip based Schemes

Circular No. ES/265/2021-22                                                      09th March, 2022     

 

VERY IMPORTANT 

  

 To: Members of the Council         

     

Sub: Extension of last date for submission of applications under certain Scrip based Schemes  

Dear Member,    

 

As you are aware, O/o DGFT vide Notification No. 48/2015-2020 dated 31st December, 2021 had earlier made amendments by inserting Para 3.13A in FTP 2015-2020 to specify the last date of submitting applications for MEIS, RoSCTL, ROSL and 2% additional ad hoc incentive under Para 3.25 of FTP for scrip based schemes as 31st January, 2022, which was further extended to 28th February, 2022 vide Notification No. 53/2015-2020 dated 01st February, 2022. 

 

Now, we are pleased to inform you that O/o DGFT has issued Notification No. 58/2015-2020 dated 7th March, 2022 by making amendments in Para 3.04A(a) and Para 3.13A of FTP to further extend the last date of submitting applications for script-based schemes under MEIS (for exports made during 1st April - 31st December, 2020) and 2% additional ad hoc incentive (for exports made during 1st January - 31st March, 2020) to 30th April, 2022 and for ROSCTL (for exports made during 7th March, 2019 to 31st December, 2020) and ROSL (for exports made upto 6th March, 2019 for which claims have not yet been disbursed under scrip mechanism) to  15th March, 2022. 

 

Further, the provision related to prescribed allocation by the Govt. for MEIS claims amounting to Rs. 5,000 Cr. (as notified vide Notification No. 30/2015-2020 dated 1st September, 2020) has been omitted. 

 

The amended Para 3.04A(a) under Chapter 3 (Exports from India Schemes) of the FTP is as follows: 

 

Existing Para 3.04A 

Amended Para 3.04A 

“The total reward which may be granted to an IEC holder under the Merchandise Exports from India Scheme (MEIS) shall not exceed Rs. 2 Crore per IEC on exports made in the period 01.09.2020 to 31.12.2020 [period based on Let Export Order (LEO) date of shipping bill(s)]. Any IEC holder who has not made any export with LEO date during the period 01.09.2019 to 31.08.2020 or any new IEC obtained on or after 01.09.2020 would not be eligible for submitting any claim for benefits under MEIS for exports made with effect from 01.09.2020. The aforesaid ceiling may be subject to further downward revision to ensure that the total claim under the Scheme for the period (01.09.2020 to 31.12.2020) does not exceed the allocation prescribed by the Government, which is Rs 5,000 Cr.” 

The total reward which may be granted to an IEC holder under the Merchandise Exports from India Scheme (MEIS) shall not exceed Rs. 2 Crore per IEC on exports made in the period 01.09.2020 to 31.12.2020 [period based on Let Export Order (LEO) date of shipping bill(s)]. Any IEC holder who has not made any export with LEO date during the period 01.09.2019 to 31.08.2020 or any new IEC obtained on or after 01.09.2020 would not be eligible for submitting any claim for benefits under MEIS for exports made with effect from 01.09.2020.” 

 

The amended Para 3.13A under Chapter 3 (Exports from India Schemes) of FTP is as follows: 

 

Existing Para 3.13A 

Amended Para 3.13A 

“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 28th February 2022 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),  

  1. for SEIS (for service exports rendered for FY 18-19 and FY 2019-20),  
  2. 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)  
  3. for ROSCTL (for exports made from 07.03.2019 to 31.12.2020) and  
  4. 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.” 

 

“With effect from 07.03.2022, the last date for submission of online applications for certain scrip based Schemes and applicable late cut on such applications would be:  

 

Scheme 

Last date of submission of Application 

Late Cut if submitted till the last date as in column 2 (as % age of Entitlement under scheme) 

(1) 

(2) 

(3) 

(i) MEIS  

(for exports made in the period 01.04.2020 to 31.12.2020) 

30.04.2022 

Nil 

(ii) 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) 

30.04.2022 

Nil 

(iii) ROSCTL (for exports made in the period 07.03.2019 to 31.12.2020) 

15.03.2022 

Nil 

(iv) ROSL  

(for exports made upto 06.03.2019 for which claims have not yet been disbursed under scrip mechanism) 

15.03.2022 

Nil 

 

No further applications would be allowed to be submitted after the prescribed last date (as above) as they would become time-barred. Late cut provisions shall also not be available for submitting claims thereafter.” 

 

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

    

Thanking you,                    

   

Yours faithfully,                     

   

S. BALARAJU             

EXECUTIVE DIRECTOR