Validity of scrips for exporters extended
The Directorate General of Foreign Trade (DGFT) has extended the validity of scrips or certificates, provided under export incentive schemes, which are expiring between March 1 and June 30 this year till September 30. They can be transferred or used for payment of a number of duties including the basic customs duty.
“Relaxation has been provided for applicable late cuts for SEIS/MEIS applications and the validity of scrips issued under Chapter 3 of FTP which are expiring between March 1 and June 30 this year has been extended up to September 30 this year,” said the DGFT public notice.
These certificates are given depending on the nature of services and product under the Merchandise Exports from India Scheme (MEIS) and Services Exports from India Scheme (SEIS), as per the Foreign Trade Policy (FTP) which provides tax incentives for goods and services.
In a separate notice, the DGFT that as per a pact signed between India and Mozambique, 2 lakh tonnes of pulses will be imported during 2020-21 with certain conditions. It added that import will be allowed only through 5 ports — Mumbai, Tuticorin, Chennai, Kolkata and Hazira. Further, it will be subject to production of “Certificate of Origin” certified by the authorised signatories in the ICM (Instituto de Cereasi de Mocambique) with stamps provided by the Government of Mozambique