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, which was further extended vide Notification No. 53/2015-2020 dated February 1, 2022 to February 28, 2022.
Notification:
Now, the DGFT, vide Notification No. 58/2015-2020 dated March 7, 2022 has amended Para 3.04A(a) and Para 3.13A of the FTP, in order to further extend the last date of submitting applications for script-based schemes under MEIS (for exports made during April 1, 2020 to December 31, 2020), and 2% additional ad hoc incentive (for exports made during January 1, 2020 to March 31, 2020), to April 30, 2022 and for ROSCTL and ROSL to March 15, 2022.
Further, the provision w.r.t. prescribed allocation by the Government for claim under MEIS [as notified vide Notification No. 30/2015-2020 dated September 1, 2020 (“NN. 30”)], amounting to INR 5,000 Crore has been omitted.
The amended Para 3.04A(a) of the FTP now reads as below:
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Existing Para 3.04A |
Amended Para 3.04A |
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“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.” |
Amendment in Para 3.13A of FTP now reads as below:
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Existing Para 3.13 |
Amended Para 3.13A |
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“A 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. i. 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), ii. 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) iv. for ROSCTL (for exports made from 07.03.2019 to 31.12.2020) and v. 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:
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.” |
The Notification can be accessed at: https://content.dgft.gov.in/Website/dgftprod/40592db2-e9e6-4a05-a081-d6c5bae25cf4/Notification%20No%2058%20dt%2007%2003%202022%20-%20English.pdf