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

To be published in the Gazette of India Extraordinary Part II , Section 3, Sub Section (II)

Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan, New Delhi Notification No: 58 /2015-2020 New Delhi, the #7 March, 2022

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

S.0.(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, 201520, the Central Government hereby makes the following amendments in the Foreign Trade Policy 2015-20 , as notified vide Notification no. 30 dated 01.09.2020 and Notification no. 53 dated 01.02.2022 with immediate effect, as below:

1. Amendment in Para 3.04 A of FTP 2015-20, as notified vide Notification No. 30 dated 01.09.2020:

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 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.

2. Amendment in Para 3.13A of FTP 2015-20:

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.

2. Amendment in Para 3.13A of FTP 2015-20:

|In supersession ofthe existing laid|With<br>effect<br>from<br>07.03.2022,|With<br>effect<br>from<br>07.03.2022,|With<br>effect<br>from<br>07.03.2022,|With<br>effect<br>from<br>07.03.2022,|the<br>last|the<br>last|date|date|for|
|---|---|---|---|---|---|---|---|---|---|
|down provisions in the Hand Book|submission of|online||applications for||certain|||scrip|
|of<br>Procedures,<br>2015-20<br>with|based Schemes||and|applicable|late|cut|on||such|
|regard to last date for submitting|applicationswould be :|||||||||
|online applications for scrip based<br>claims, the last date for submitting<br>online applications stands revised<br>to<br>28"<br>February<br>2022<br>the<br>followingschemes i.e.|Scheme||;<br>Last flate of|Late Cut if<br>submission<br>inet<br>of<br>He the: teat<br>Application |date as in<br>column 2|||||||
|i.<br>forMEIS (for exports made||||||||||
|in the period (s) 01.07.2018|||||(as|%|age|||
|to 31.03.2019, 01.04.2019|||||of|||||
|to<br>31.03.2020<br>and|||||Entitlement|||||
|01.04.2020 to 31.12.2020),|||||under||the|||
|ii.<br>for<br>SEIS<br>(for<br>service|||||scheme)|||||
|exports<br>rendered<br>for FY||||||||||
|18-19 andFY 2019-20),|(1)||(2)||(3)|||||
|iii.<br>for 2 % additional ad hoc||||||||||
|incentive (under para 3.25||||||||||
|of the FTP — for exports||||||||||

xports<br>rendered<br>for FY||||||||||
|18-19 andFY 2019-20),|(1)||(2)||(3)|||||
|iii.<br>for 2 % additional ad hoc||||||||||
|incentive (under para 3.25||||||||||
|of the FTP — for exports||||||||||
|made<br>in<br>the _ period<br>01.01.2020<br>to 31.03.2020<br>only)<br>iv.<br>for ROSCTL (for exports<br>made from 07.03.2019 to<br>31.12.2020)and<br>v.<br>for<br>ROSL<br>(for<br>exports<br>made upto 06.03.2019 for<br>which claims have not yet<br>been disbursed under scrip<br>mechanism).|(i) MEIS<br>(for <br>exports made in<br>the<br>period<br>01.04.2020<br>to<br>31.12.2020)<br>(i)<br>2<br>% <br>aiditiow|<br>‘ad<br>ics<br>tnreevibon<br>(under para 3.25<br>ofthe FTP — for<br>exports made in||| 30.04.2022<br> | 30.04.2022||| Nil<br> | Nil|||||
||the<br>period|||||||||
|applications would be allowed to|31.03.2020|||||||||
|be<br>submitted<br>and<br>they<br>would|only)|||||||||
|become<br>time-barred.<br>Late<br>cut||||||||||
|provisions<br>shall<br>also<br>not<br>be||||||||||
|available for submitting claims at a||||||||||
|laterdate.||||||||||

(iii) ROSCTL | 15.03.2022 Nil (for exports made in_ the period 07.03.2019 to 31.12.2020) (iv) ROSL (for | 15.03.2022 Nil exports made upto 06.03.2019 for which claims have not yet been disbursed under scrip mechanism)

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.

ations 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.

Effect of this Notification: The last date for submitting applications under MEIS (for exports made in the period - 01.04.2020 to 31.12.2020), ROSCTL, ROSL and 2% additional ad hoc incentive (under para 3.25 of FTP, only for exports made in the period 01.01.2020 to 31.03.2020) has been extended . The provisions as notified vide Notification No. 30 dated 01.09.2020 with regard to allocation of Rs 5,000 Cr. stand omitted.

: L

(Santosh Kumar Sarangi) Director General of Foreign Trade Ex officio Additional Secretary to the Government of India E-mail:dgft@nic.in

[Issued from File No. 01/61/180/288/AM20/PC3 (Part-1)]