Mandatory recording of information on DGFT website about transfer of MEIS/SEIS Scrips issued from 14.1.2019 onwards (for EDI ports only)

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....nned to discontinue issue of MEIS/SEIS scrips in physical form. For this purpose, it is important to have information about the current owner of the scrip online so that the current owner only can be allowed, to use the scrip for duty payment, by Customs Authorities. Therefore, a facility has been created on DGFT website to record the information about transfer of scrip. Before it is decided to discontinue with physical issue of scrip, it is planned that each transfer of every scrip should be mandatorily recorded on this DGFT facility, and Customs Authorities will check the ownership information of the scrip, before the owner is allowed to use the scrip for payment of duty. 2. In view of the above, it has been decided that transfer of MEIS....

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....bsite and the Regional Authorities will continue to issue the MEIS/SEIS scrips on security paper for use by the exporters till it is decided to discontinue the issue in physical form. The decision to discontinue the issue of scrip in physical form will be notified separately. 6. No simultaneous transfer of scrip to more than one firm will be allowed. 7. Difficulties, if any, in implementation of these provisions may please be brought to the notice of this Directorate immediately. This is issued with the approval of the DG. Nikunj Kumar Srivastava (Additional Director General of Foreign Trade)  Annexure Recording information about transfer of MEIS/SEIS scrips I The MEIS/SEIS scrip owner will need to carry out the following st....