The Directorate General of Foreign Trade, vide Public Notice No. 08/2015-20 dated 1st 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: 30th September, 2020.
Applicability: The extended validity will be applicable to the Duty Credit Scrips issued between 1st March, 2018 to 30th June, 2018.
Relaxation in Late Cut Provision for MEIS Application
Applicability: MEIS application attracting late cut as on 1st March, 2020.
Relaxation: Period from 1st March, 2020 to 30th 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 31st March, 2020 with 10% late cut.
Relaxation: Due date extended upto 30th 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 31st March, 2020 with 5% late cut and thereafter, with 10% late cut till 31st March, 2021.
Relaxation: Due date for filing application with 5% late cut extended upto 30th June, 2020 and thereafter, with 10% late cut till 31st March, 2021.
Originally published 2020.06.02
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