Mandatory recording of scrip transfer: online registration required before transferee may utilise MEIS/SEIS scrip for duty payment. Transfers of MEIS/SEIS scrips issued on or after 14.1.2019 (EDI ports) must be recorded on the DGFT website by the current owner before the transferee may utilise the scrip for duty payment; Customs will verify the recorded current owner. Recording requires DSC login, entry of scrip number and transferee IEC; entries are instantaneous and irreversible, permit only one simultaneous transferee, and allow the recorded current owner alone to execute further transfers. Physical scrip issuance continues until separately discontinued.
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Provisions expressly mentioned in the judgment/order text.
Mandatory recording of scrip transfer: online registration required before transferee may utilise MEIS/SEIS scrip for duty payment.
Transfers of MEIS/SEIS scrips issued on or after 14.1.2019 (EDI ports) must be recorded on the DGFT website by the current owner before the transferee may utilise the scrip for duty payment; Customs will verify the recorded current owner. Recording requires DSC login, entry of scrip number and transferee IEC; entries are instantaneous and irreversible, permit only one simultaneous transferee, and allow the recorded current owner alone to execute further transfers. Physical scrip issuance continues until separately discontinued.
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