Validity extension of duty credit scrips and suspension of late cut period to relax MEIS/SEIS filing deadlines under FTP. Duty credit scrips issued between 01.03.2018 and 30.06.2018 are extended to be valid until 30.09.2020. The period 01.03.2020-30.06.2020 is excluded when computing late cuts for MEIS applications that had attracted a late cut as on 01.03.2020, with last dates and applicable cuts to be re determined. For SEIS, FY 2016 17 filings with a 10% late cut have a final date of 30.06.2020 after which they are time barred; for FY 2017 18, a 5% late cut applies until 30.06.2020 and a 10% late cut applies for filings up to 31.03.2021.
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Provisions expressly mentioned in the judgment/order text.
Validity extension of duty credit scrips and suspension of late cut period to relax MEIS/SEIS filing deadlines under FTP.
Duty credit scrips issued between 01.03.2018 and 30.06.2018 are extended to be valid until 30.09.2020. The period 01.03.2020-30.06.2020 is excluded when computing late cuts for MEIS applications that had attracted a late cut as on 01.03.2020, with last dates and applicable cuts to be re determined. For SEIS, FY 2016 17 filings with a 10% late cut have a final date of 30.06.2020 after which they are time barred; for FY 2017 18, a 5% late cut applies until 30.06.2020 and a 10% late cut applies for filings up to 31.03.2021.
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