MEIS claim scrip

[anil nacre]

Dear Sir,

We are in SEZ zone, For MEIS we received scrips against our export. can we sell this scrip on taken as self TRA in our name company by register at SEZ port and EDI port by manually there is no online available. there will be a any issue occurs with DGFT or foreign Trade in future. because we don't have DTA unit to utilized the scrip for import duties. We will there is any cause available to taken self TRA or not take self TRA and also advise us what are the issue occur with DGFT or Foreign Trade in future.

Thanking you,

Nacre

[YAGAY andSUN]

There are two issue involved in your query.

1. Selling of MEIS Scrip - In our view you can sell it off as it is freely transferable.

2. Being SEZ, you had filed your shipping bill manually at non-EDI port and MEIS is registered at non - EDI port. vide para 3.08 of the HBP Vol. 1

Port of Registration of Scrips

(a) Port of Registration under MEIS would be as follows:

(i) Duty Credit Scrip (including splits) under MEIS shall be issued with a single port of registration which shall be the port of export.

(ii) Duty credit scrip needs to be registered at the port of exports. This is to be done prior to allowing usage of duty credit. Once registered at EDI port, scrip can be automatically used at any EDI port for import and at any manual port under Telegraphic Release Advise (TRA) procedure.

(iii) In case port of registration is a manual port, TRA shall be required for imports at any other port.

AI Summary

MEIS scrip transferability: scrips are freely sellable; EDI registration enables automatic inter port use, manual ports require TRA. MEIS scrips are freely transferable and may be sold. Duty credit scrips bear a single port of registration equal to the port of export and must be registered before use. If registered at an EDI port the scrip can be used automatically at any EDI port and at manual ports under Telegraphic Release Advice (TRA). If the port of registration is a manual port, TRA is required to use the scrip for imports at other ports.