Procedure for verification and registration of Scrips issued under Chapter 3 of FTP like Served From India Scheme (SFISC), Vishesh Krishi and Gram Udyog Yojana (VKGUY), Target Plus Scheme (TPS), Focus Market Scheme (FMS) and Focus Product Scheme (FPS) – reg.

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....tention is invited to this office Public Notice No. 10/2008 dated 1.8.2008 regarding the issue of registration and verification of reward scrips. Under this Public Notice, the Air Cargo Complex, Sahar was seeking copies of bank realization certificates as a relevant document at the time of registration/verification. Subsequently, the FTP 2009-2014 was issued. CBEC also issued Circular No. 5/2010 - Cus dated 16.3.2010 that, inter alia, relates to this matter. 2. Accordingly, the entire Procedure for verification and registration of Scrips issued under Chapter 3 of FTP was evaluated. 3. Specific note was kept of ACC, Sahar's experience while cross-checking against shipping bills and BRCs which has indicated Revenue involving discrepancies i....

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....s cross-checking BRCs, and these are also being produced along with scrip, at the time of registration with positive results, ACC, Sahar needs to exercise caution till such time as adequate clarity prevails in the matter, and till online transmission of reward scrips issued under Chapter 3 of FTP is made operational. 6. Keeping relevant aspects in view, the following procedure for verification and registration is prescribed w.r.t. duty credit scrips like Served From India Scheme (SFISC), Vishesh Krishi and Gram Udyog Yojana (VKGUY), Target Plus Scheme (TPS), Focus Market Scheme (FMS) and Focus Product Scheme (FPS) - a) The original scrip including Annexure, along with their photocopy, and copies of Bank Realization Certificate (BRC) shal....