Status certificate and duty credit scrip rules govern application, eligibility, remedy and finite scrip validity. Status certification and promotional duty credit scrip regimes in Chapter 3 of FTP (RE 2007) prescribe application and renewal procedures, five year status validity from 1 April, a six month grace for pending recognition, mandatory maintenance of export/import accounts, grounds and procedural safeguards for refusal/suspension/cancellation, appeal to DGFT, and scheme specific application, eligibility, port, documentation and exclusion rules for SFIS, VKGUY, FMS, FPS and HTPEPS; common features govern jurisdiction, port of registration, split scrips, bonded warehouse imports, re export of defective goods and finite scrip validity.
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Provisions expressly mentioned in the judgment/order text.
Status certificate and duty credit scrip rules govern application, eligibility, remedy and finite scrip validity.
Status certification and promotional duty credit scrip regimes in Chapter 3 of FTP (RE 2007) prescribe application and renewal procedures, five year status validity from 1 April, a six month grace for pending recognition, mandatory maintenance of export/import accounts, grounds and procedural safeguards for refusal/suspension/cancellation, appeal to DGFT, and scheme specific application, eligibility, port, documentation and exclusion rules for SFIS, VKGUY, FMS, FPS and HTPEPS; common features govern jurisdiction, port of registration, split scrips, bonded warehouse imports, re export of defective goods and finite scrip validity.
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