Export Incentives - MEIS , Focus Market Scheme

[R S Simha]

We are claiming export benefit of MEIS and Focus Market Scheme . The scrips so availed is utilized towards payment of customs duty on imports . At the time of utilizing a scrip value , a part of the value of the scrip remains unutilzed ( usually less than INR value of 20,000 ) , In such cases , can these balance unutilized scrip can be used for subsequent customs duty payments OR would these balance amount gets lapsed .

AI Summary

Unused Export Incentive Scrips Valid for Customs Duty Until Expiry; Re-validation Unlikely After Expiry. A participant inquired about utilizing the unutilized balance of export incentive scrips, specifically under the MEIS and Focus Market Scheme, for customs duty payments. Two respondents confirmed that the remaining balance can be used for subsequent customs duties or local procurement against excise duty, provided it is within the scrip's validity period. They emphasized that the scrip can be utilized multiple times until the balance is exhausted. However, once the validity expires, the balance cannot be used, and re-validation by DGFT is unlikely, even in genuine cases.