How to utilize duty scrip issued under MEIS and SEIS?

Posted on 17 April 2023 Category : Foreign Trade Policy 2015-20

How to utilize duty scrip issued under MEIS and SEIS?

Duty credit scrip is freely transferable and usable for payment of custom duty, excise duty and service tax.

As per Foreign Trade Policy 2015-20 explains about Duty scrips under MEIS and SEIS scheme as follows:

(a) All scrips issued under MEIS and SEIS and the goods imported against these scrips would be fully transferable.

(b) Scrips issued under Exports from India Schemes can be used for the following:-

(i) Payment of customs duty for import of inputs / goods including capital goods, except items listed in Appendix 3A.

(ii) Payment of excise duty on domestic procurement of inputs or goods, including capital goods as per DoR notification. 4 (iii) Payment of service tax on procurement of services as per DoR notification.

(c) Basic Customs Duty paid in cash or through debit under Duty Credit Scrip can be taken back as Duty Drawback as per DoR Rules, if inputs so imported are used for exports.

Also read:MEIS Scheme under Foreign Trade Policy of India 2015-2020

Here, the details about utilization of duty scrips under MEIS and SEIS are explained. You may express your views about utilization of duty scrips under SEIS and MEIS.

The above information is a part of Guide on howtoexport and import

Share your views about duty scrips under MEIS and SEIS as per Foreign Trade Policy of India 2015-20.

Comments

vijay nijhawan: On 15 April 2015 Agst Duty Free scrips if I have an Income of USD 1,00,000 - how is the incentive calculated what is the rate applicable for export of services to South Korea

Anil W Chitale: On 25 June 2015 I am service provider in the field of HVAC validation/ calibration services. I have to carry instruments to arebian countries from India.(Imported instruments) How I can get prior authentication for temp. export & again re-import to India

owais: On 14 October 2015 can octroi be payed using seis scripts?

manikanta: On 27 October 2016 Sir our company is engaged in back office services provided to Insurance companies/brokers based out of US. so can we apply claim under SEIS for getting duty credit scrips

nishant: On 20 December 2016 dear sir, we dont have iec can we apply for seis benefit.

Anit jain: On 26 February 2018 If duty is paid by MEIS scrips for goods listed under appendix 3a will it lead confiscation u/s 111(o) of customs act even when the importer has himself declared his mistake to the department and wants to pay duty in cash. Pl comment

Praveen: On 23 May 2018 Can we use MEIS for payment of duty of RCM (GST) instead of cash.

Pallavi: On 15 April 2019 Can social welfte surcharge be debited from meis lic?

How to utilize duty scrip issued under MEIS and SEIS?

Comments

Discussion Forum