Foreign Trade PolicyFTP – Relaxations w.r.t. MEIS & SEIS

The Directorate General of Foreign Trade, vide Public Notice No. 08/2015-20 dated 1^st June, 2020, provided the following relaxations to the exporters :

Increased validity of Duty Credit Scrips

Original Validity: Duty Credit Scrips issued under Chapter 3 of the FTP 2015-20 are valid for 24 months from the date of issuance.

Extended Validity: 30^th September, 2020.

Applicability: The extended validity will be applicable to the Duty Credit Scrips issued between 1^st March, 2018 to 30^th June, 2018.

Relaxation in Late Cut Provision for MEIS Application

Applicability: MEIS application attracting late cut as on 1^st March, 2020.

Relaxation: Period from 1^st March, 2020 to 30^th June, 2020 shall not be counted for submitting MEIS application with late cut and accordingly, the last date for submitting such applications shall be redetermined.

Relaxation in Late Cut Provision for SEIS Application (FY 2016-17)

Original Due Date with Late Cut: SEIS application for services rendered in FY 2016-17 can be filed upto 31^st March, 2020 with 10% late cut.

Relaxation: Due date extended upto 30^th June, 2020.

Relaxation in Late Cut Provision for SEIS Application (FY 2017-18)

Original Due Date with Late Cut (FY 2017-18): SEIS application for services rendered in FY 2017-18 can be filed upto 31^st March, 2020 with 5% late cut and thereafter, with 10% late cut till 31^st March, 2021.

Relaxation: Due date for filing application with 5% late cut extended upto 30^th June, 2020 and thereafter, with 10% late cut till 31^st March, 2021.

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