Background:
The Ministry of textiles vide Notification No. 12015/11/2020-TTP dated June 9, 2020 amended Para 6.3 of the Notification No. 14/26/2016-IT (Vol-II) dated March 7, 2019 to read as under:
“6.3 DGFT would be issuing the Duty Credit Scrips for RoSL also over and above the budget provision for the shipments made prior to 07.03.2019 only. The allocation of RoSL over and above budget provision for issuing scrips, would be provided by the Department of Revenue for such old cases which could not be disbursed due to budget limitation.”
Notification:
The DGFT vide Notification No. 37/2015-2020 dated October 6, 2020 inserted sub-para (d) in Para 4.01 of the Foreign Trade Policy, 2015-20 to give effect to Para 6.3 (supra) regarding the issue of duty credit scrips under Scheme for Rebate of State Levies (“RoSL”). Para 4.01(d) reads as under:
“(d) Scheme for Rebate of State Levies (RoSL), as notified in Para 6.3 of the Ministry of Textiles Notification No. 14/26/2016-IT (Vol-II) dated 07.03.2019 and as amended vide Notification No. 12015/11/2020-TTP dated 09.06.2020 will be implemented by the DGFT in scrip mode, for which procedure will be laid down separately.”
The Notification can be accessed at: https://content.dgft.gov.in/Website/dgftprod/2a8528d5-cabb-4f49-8a53-cb1159669dc2/Notification-37(E)%20dt-06.10.2020.pdf