LICENSING & DUTY CREDIT SCRIPS

  • FMS/FPS

    MEIS – Merchandise Export from India Scheme:

    Under the MEIS Scheme, certain rewards and incentives are given to exporters. Such incentives are given to exporters at a specified rate which varies from product to product and from country to country.
    The percentage of rewards varies from product to product and are in the range of 2% to 5% for most items.
    The incentives are given at a specified rate on the FOB value.

  • SHIS

    WHAT IS SHIS (Status Holder Incentives Scrip)?

    SHIS was designed with intent to promote investment in up-gradation of technology for specified sectors such as leather, textiles, engineering, etc. without the requirement of fulfilment of export obligations.

    SHIS scrip was originally issued on actual user condition and not freely transferable. However, the Government has recently permitted transfer of the Duty Scrip to other Status Holder subject to specified conditions.

    Status holder shall be entitled to duty credit scrip @ 1% of FOB value of exports done in the specified previous and current financial years. The FOB value of exports could also include up to 12.5% of foreign agency commission for computation of Duty Credit Scrip benefit.

    The SHIS scrip can be used for import of capital goods as defined in the FTP.

    SHIS scrip can also be used for payment of duties related to import of spares or component of capital goods which were imported earlier. In such cases, utilisation of duty scrip is restricted to the extent of 10% of value of SHIS scrip.

    Incentives or Benefits available

    By virtue of Customs Notification 104/2009-Cus dated September 14, 2009 Duty Scrip may be used for payment of following duties on import of capital goods by debiting the Duty Scrip at the time of clearance of imported goods or clearance of domestic capital goods.

    On Import of Capital Goods:

    • Basic Custom Duty
    • Countervailing Duty
    • Special Additional Duty

    Scrip holder may utilise duty scrip for payment of Excise Duty on Indigenous procurement of capital good.

    Further, by virtue of Excise notification 33/2012 CE dated July 9, 2012 the Duty Scrip can also be used for payment of Central Excise duty on domestic purchases of Capital Goods by debiting the Duty Scrip.

    Availability of CENVAT Credit:

    • Cenvat Credit Rules 2004 permits that a manufacturer would be eligible to take credit of the Customs duties paid under Section 3 of the Customs Tariff Act on import of Capital goods brought into the factory.
    • Para 3.17.6 of FTP 2009-14 specifies that duties under Section 3 of the Customs Tariff Act paid through utilisation of SHIS scrip shall be adjusted as CENVAT Credit or Duty drawback. Thus, an importer shall be entitled to avail Cenvat Credit or duty drawback of CVD and SAD debited through Duty Scrip.

    Who can use SHIS Licences?

    This Licence can only be utilized by a:

    • Status Holder who is
    • Importing Capital Goods and
    • Is also a manufacturer
  • DFIA

    DFIA

    DFIA is issued to allow duty free import of inputs, fuel, oil, energy sources, catalyst which are required for production of export product. These Authorisations shall be issued only for products for which Standard Input and Output Norms (SION) have been notified.

    In case of post export DFIA, a merchant exporter shall be required to mention only name(s) and address(s) of manufacturer(s) of the export product(s). Applicant is required to file application to concerned RA before effecting exports under DFIA.

    Pre-export Authorisation shall be issued with actual user condition and shall be exempted from payment of basic customs duty, additional customs duty / excise duty, education cess, anti-dumping duty and safeguard duty, if any.

    Why choose us

    • Complete expertise in required documentation and filing of Applications
    • Speedy Issuance from DGFT
    • Immediate Registration at Customs
    • Sale/ Purchase at the most competitive prices
  • Advance Authorisation

    Advance Authorisation

    An Advance Authorisation is issued to allow duty free import of inputs. Advance Authorisations are issued for inputs and export items given under SION.

    Advance Authorisation can be issued either to a manufacturer exporter or Merchant exporter tied to supporting manufacturer. Advance Authorisation can also be availed by sub-contractor to such project provided name of sub contractor(s) appears in main contract.

    Advance Authorisation are exempted from payment of basic customs duty, education cess, anti- dumping duty and safeguard duty, Advance Authorisation and / or materials imported there under will be with actual user condition. It will not be transferable even after completion of export obligation.

    We Assist in

    • Issuance of fresh Advance Licence
    • Redemption of Advance Licence
    • Extension of Export Obligation period and other related matters
  • EPCG


    EPCG scheme allows import of capital goods for pre-production, production and post production (including CKD/SKD thereof as well as computer software systems) at zero Customs duty, subject to an export obligation equivalent to 6 times of duty saved on capital goods imported under EPCG scheme, to be fulfilled in 6 years reckoned from Authorization issue-date.

    Concessional 3% Duty EPCG Scheme

    Concessional 3% duty EPCG scheme allows import of capital goods for pre-production, production and post production (including CKD/SKD thereof as well as computer software systems) at 3% Customs duty, subject to an export obligation equivalent to 8 times of duty saved on capital goods imported under EPCG scheme, to be fulfilled in 8 years reckoned from Authorization issue-date.

    We Assist in

    • Issuance of fresh EPCG Licence
    • Redemption
    • Extension of Export Obligation period
    • Conversion
    • Clubbing
  • Service Exports/ SEIS

    Services include all 161 tradable services covered under General Agreement on Trade in Services (GATS) where payment for such services is received in free foreign exchange.

    All provisions of this Policy shall apply mutatis mutandis to export of services as they apply to goods. Software exporters shall register themselves with Electronics and Software EPC.

    Other service exporters shall register themselves with Federation of Indian Export Organisations (FIEO).

    Service Exports India Scheme (SEIS)

    Objective is to accelerate growth in export of services so as to create a powerful and unique ‘Served From India’ brand, instantly recognized and respected world over. All Indian Service Providers, of services listed in Appendix 1 0 of HBPv1, who have free foreign exchange earning of at least Rs. 10 Lakhs in preceding financial year / current financial year shall qualify for Duty Credit Scrip.

    For Individual Indian Service Providers, minimum free foreign exchange earnings would be Rs 5 Lakhs. Services and Service Providers as listed in Para 3 .6.1 of HBPv1 shall not be entitled for benefits under the SFIS scheme.

    All Service Providers shall be entitled to Duty Credit Scrip equivalent to 10% of free foreign exchange earned during current financial year.

    We Assist in

    • Understanding the scope of services covered under the scheme
    • Application and Issuance of SEIS Licences
    • Prompt follow up with DGFT/ Customs
  • Duty Credit Scrip

    Rishabh Triexim will work with you to get duty free scrip. Duty Scrip offers credit benefit on imports upto 5%

    Duty scrip benefits are granted with aim to save duty for exporter for there duty free raw material and also it is freely transferable script. The scrip and the items imported against it would be freely transferable for any importer

    The Duty Credit may be used for import of inputs or goods including capital goods, provided the same is freely importable under FTP

    If you would like to avail the Duty free scrip licence, you can contact us.

  • Merchandise Export
    from India Scheme

    Under the MEIS Scheme, certain rewards and incentives are given to exporters. Such incentives are given to exporters at a specified rate which varies from product to product and from country to country.
    The percentage of rewards varies from product to product and are in the range of 2% to 5% for most items.
    The incentives are given at a specified rate on the FOB value.

  • Service Exports from
    India Scheme (SEIS)

    Service Exports from India Scheme (SEIS) aims to promote export of services from India by providing duty scrip credit for eligible exports. Under the scheme, service providers, located in India, would be rewarded under the SEIS scheme, for all eligible export of services from India.


Consulting

Businesses are competing supply chains to gain a competitive advantage. Expensive logistics costs and customs taxes, arduous regulations, and the operational complexities of cross-border trading makes this difficult.

Often unwittingly, the degree of risk and opportunity is overlooked. Other businesses are too busy dealing with symptoms rather than the root causes of their frustrations or lack of results.

We help importers, exporters and logistics providers deal with good duty savings.