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Date: 2022-02-01 Category: Not Applicable State: Union Government Country: India

Extension of Last Date for Submitting applications for Scrip based FTP Schemes

Issued by Ministry of Commerce and Industry · Directorate General Of Foreign Trade

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Executive Summary & Key Takeaways

**Policy Summary: Extension of Last Date for Submitting Applications for Scrip-Based FTP Schemes** This notification, No. 53/2015-2020, issued by the Ministry of Commerce and Industry, Department of Commerce, amends para 3.13A of the Foreign Trade Policy (FTP) 2015-2020. It extends the last date for submitting online applications for scrip-based claims to **February 28, 2022**, superseding previous notifications. The extension applies to the following schemes: * Merchandise Exports from India Scheme (**MEIS**) for exports made from July 1, 2018, to March 31, 2019; April 1, 2019, to March 31, 2020; and April 1, 2020, to December 31, 2020. * Service Exports from India Scheme (**SEIS**) for service exports rendered in FY 2018-19 and FY 2019-20. * Two additional ad hoc incentives under para 3.25 of the FTP for exports made from January 1, 2020, to March 31, 2020. * Rebate of State and Central Taxes and Levies (**ROSCTL**) for exports made from March 7, 2019, to December 31, 2020. * Rebate of State Levies (**ROSL**) for exports made up to March 6, 2019, for which claims have not yet been disbursed under the scrip mechanism. **No further applications will be allowed after February 28, 2022**, and late cut provisions will not be available. The notification also specifies the late cut applicable for applications submitted up to February 28, 2022, for MEIS and SEIS schemes, depending on the export period. This notification extends the previously notified deadline of January 31, 2022, to February 28, 2022. **Contact:** Santosh Kumar Sarangi, Director General of Foreign Trade & Ex officio Additional Secretary to the Government of India, Email: dgft@nic.in. File no. 01/61/180/288/AM20/PC-3 Part-1.

Key Entities Referenced

Foreign Trade Development and Regulation Act, 1992: The Act under which the powers are conferred for the notification. Foreign Trade Policy, 2015-2020: The prevailing foreign trade policy which is being amended. Ministry of Commerce and Industry: The ministry under which the Department of Commerce falls. Department of Commerce: The department issuing the notification. Merchandise Exports from India Scheme (MEIS): A scrip-based scheme for which the application deadline is extended. Service Exports from India Scheme (SEIS): A scrip-based scheme for which the application deadline is extended. Remission of State and Central Taxes and Levies (ROSCTL): A scheme for exports made from 07.03.2019 to 31.12.2020 for which the application deadline is extended. Remission of State Levies (ROSL): A scheme for exports made upto 06.03.2019 for which claims have not yet been disbursed under scrip mechanism and the application deadline is extended.
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To be published in the Gazette of India Extraordinary Part II Section 3, Sub Section (ID Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan, New Delhi Notification No: 53 /2015-2020 New Delhi, [’T February, 2022 Subject: Extension of Last Date for Submitting applications for Scrip based FTP Schemes S.O.(E): In exercise of the powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with Para 1.02 of the Foreign Trade Policy, 2015-20 , the Central Government hereby amends the para 3.13A of the FTP 2015-20 (as notified vide Notification no. 26 dated 16" September, 2021 and amended vide Notification No. 48 dated 31.12.2021) with immediate effect. The para 3.13A shall now read as below: 3.13A: Last Date of Submitting Applications for Scrip based Schemes 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 28 February 2022 for 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 3 1.12.2020), ii. for SEIS (for service exports rendered for FY 18-19 and FY 2019-20), iii. | 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. b. In supersession of the laid down provisions on applicable late cut as in para 9.02 of the HBP, the new late cut for applications submitted upto 28.02.2022 as indicated above shall be: Sl! {Scheme Period of Exports (Let Export Late Cut (as % age of no. Date in the period) / Services Entitlement under the rendered in the period Scheme )1 [MEIS FY 2018-19 (01.07.2018 to 10% 31.03.2019) 2 IMEIS FY 2019-20 and FY 2020-21 Nil (upto 31.12.2020) 8 (SEIS FY 2018-19 5% 4 |SEIS FY 2019-20 Nil 5 |ROSCTL | 07.03.2019 to 31.12.2020 Nil 6 IROSL Upto 06.03.2019 Nil Effect of this Notification: The last date of submitting applications under MEIS, SEIS, ROSCTL, ROSL and 2% additional ad hoc incentive (under para 3.25 of FTP) which was earlier notified to be 31.01.2022 has been extended to 28.02.2022. é ny. 2. (Santosh Kumar Sarangi) Director General of Foreign Trade Ex officio Additional Secretary to the Government of India E-mail: dgft@nic.in [File no. 01/61/180/288/AM20/ PC-3 (Part 1) ]

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