Phasing out of physical copies of MEIS or SEIS Duty Credit Scrips issued with EDI port as Port of registration

Apr 10, 2019 | by Avantis RegTech Legal Research Team


The Central Board of Indirect Taxes and Customs (CBIC) on April 09, 2019 has issued Circular regarding Phasing out of physical copies of Merchandise Exports from India Scheme (MEIS) or Services Exports from India Scheme (SEIS) Duty Credit Scrips issued with EDI port as Port of registration.

DGFT has issued Public Notice No. 84/2015-2020 dated April 03, 2019 and Trade Notice No. 03/2015-2020 dated April 03, 2019 in order to phase out physical copies of MEIS and SEIS Duty Credit Scrips issued with EDI port as port of registration. This shall come into effect for MEIS/SEIS duty credit scrips issued by DGFT from April 10, 2019 onwards for cases where the port of registration is an EDI port. DGFT has also created a facility vide Trade Notice No. 42/2015-2020 dated January 11, 2019 regarding mandatory recording of information on DGFT website about transfer and current ownership details of MEIS/SEIS scrips issued from January 01, 2019 onwards.

For registration, assessment and debiting of scrips, the current procedure as per the extant Circular No. 12/2016-Customs dated March 28, 2016 shall continue to be followed except that instead of presenting physical copy of the MEIS/SEIS scrips printed on security paper, the current owner or his authorized representative shall approach the proper officer of Customs with details of the MEIS/SEIS scrip such as IEC number, scrip number etc.

All debits in respect of the paperless scrips shall be made in Indian Customs EDI-System (ICES) only and no physical debits would be required on the copy of scrips. No TRA shall be issued in respect of these paperless scrips issued electronically by DGFT. Consequently, such paperless scrips issued for EDI ports cannot be used for making imports at non-EDI ports.

For procurement of goods from domestic manufacturer on payment of Central Excise duty, the exemption Notifications No. 20/2015-Central Excise and No. 21/2015-Central Excise both dated April 08, 2015 prescribe detailed procedure for debiting of scrip, endorsement by Central Excise officer etc. 

[Circular No. 11/2019-Customs]

Click here to download the Circular.


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