Govt. extends Last Date for Submitting Applications for Scrip based FTP Schemes [Read Circular]

FTP Schemes - Taxscan

The Government has extended the last date for Submitting applications for Scrip-based FTP Schemes.

In supersession of the existing laid down provisions in the Handbook of Procedures, 2015-20 with regard to the last date for submitting online applications for scrip-based claims, the last date for submitting online applications stands revised to 31 January 2022 for the various schemes.

Firstly, for MEIS (for exports made in the period (s) 01.07.2018 to 31.03.2019, 01.04.2019 to 31.03.2020, and 01.04.2020 to 31.12.2020).

Secondly, for SEIS (for service exports rendered for FY 18-19 and FY 2019-20),

Thirdly, for 2 % additional ad hoc incentive (under para 3.25 of the FTP-for exports made in the period 01.01.2020 to 31.03.2020 only)

Fourthly, for ROSCTL (for exports made from 07.03.2019 to 31.12.2020) and for ROSL (for exports made upto 06.03.2019 for which claims have not yet been disbursed under scrip mechanism).

After 31.01.2022, 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.

In supersession of the laid down provisions on the applicable late cut of the HBP, the new late cut for applications submitted up to 31.01.2022.

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