The DGFT has amended Para 3.13A of the FTP vide Notification No. 53/2015-2020 dated February 1, 2022, to extend the last date of submitting applications for script-based schemes under MEIS, SEIS, ROSCTL, ROSL, and 2% additional ad hoc incentive to 28.02.2022.
After 28.02.2022, no further applications would be allowed to be submitted and they would become time-barred. Late cut provisions shall also not be available for submitting claims at a later date.
A summarized view of the new late cut provisions for applications submitted up to 28.02.2022 is provided below for ease of reference.
|
Sl. No. |
Scheme | Period of Exports (Let Export Date in the period) / Services rendered in the period | Late Cut (as % age of Entitlement under the Scheme) |
|
1. |
MEIS |
FY 2018-19 (01.07.2018 to 31.03.2019) | 10% |
|
2 |
MEIS |
FY 2019-20 and FY 2020-21 (up to 31.12.2020) |
Nil |
|
3. |
SEIS |
FY 2018-19 |
5% |
|
4. |
SEIS |
FY 2019-20 |
Nil |
|
5. |
ROSCTL |
07.03.2019 to 31.12.2020 |
Nil |
|
6. |
ROSE | Up to 06.03.2019 |
Nil |