https://www.taxtmi.com/manuals?id=2241 Duty credit scrips issued as MEIS and SEIS under FTP 2015-20 are transferable instruments issued on FOB or net foreign exchange entitlements and may be used to pay Basic Customs Duty on imports (subject to appendix exclusions), for domestic procurement of certain excise liable items, and adjusted as Duty Drawback or CENVAT. Scrips cannot discharge penalties or interest payable in cash. Scrips may be debited for customs liabilities from authorisation defaults. Customs verification of backing shipping bills applies for non EDI filings; where electronic shipping bills exist but DGFT transmission was not simultaneous, verification is confined to a random small sample unless specific intelligence warrants full verification. en-us Sun, 05 Mar 2023 13:19:00 +0530 Tue, 07 Mar 2023 12:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=2241 Duty credit scrips issued as MEIS and SEIS under FTP 2015-20 are transferable instruments issued on FOB or net foreign exchange entitlements and may be used to pay Basic Customs Duty on imports (subject to appendix exclusions), for domestic procurement of certain excise liable items, and adjusted as Duty Drawback or CENVAT. Scrips cannot discharge penalties or interest payable in cash. Scrips may be debited for customs liabilities from authorisation defaults. Customs verification of backing shipping bills applies for non EDI filings; where electronic shipping bills exist but DGFT transmission was not simultaneous, verification is confined to a random small sample unless specific intelligence warrants full verification. Manuals Customs Sun, 05 Mar 2023 13:19:00 +0530 https://www.taxtmi.com/manuals?id=2241