DGFT has issued a Trade Notice informing about the mandatory recording of information about transfer of MEIS / SEIS scrips issued on or after 14.01.2019 on the DGFT website.
An e-com module for the recording the transfer shall be made available on the website. According to the Trade Notice, DGFT is planning to discontinue the issuance of MEIS/SEIS Scrips in physical form and to have the information of the current MEIS Scrip holder online so that the scrip holder can use the scrip for duty payment, by Customs Authorities. Therefore, a facility has been created on DGFT website to record the information about transfer of scrip, before discontinuing with the physical issue of scrip. It has also been decided that each transfer of every scrips should be mandatorily recorded on this DGFT facility, and Customs Authorities will check the ownership information of the scrip, before the owner is allowed to use the scrip for payment of duty.
An e-com module for the recording the transfer shall be made available on the website. According to the Trade Notice, DGFT is planning to discontinue the issuance of MEIS/SEIS Scrips in physical form and to have the information of the current MEIS Scrip holder online so that the scrip holder can use the scrip for duty payment, by Customs Authorities. Therefore, a facility has been created on DGFT website to record the information about transfer of scrip, before discontinuing with the physical issue of scrip. It has also been decided that each transfer of every scrips should be mandatorily recorded on this DGFT facility, and Customs Authorities will check the ownership information of the scrip, before the owner is allowed to use the scrip for payment of duty.
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