The commerce ministry on Thursday said issuance of benefits under different export incentive schemes would be on hold for a temporary period due to changes in the allocation procedure.
Exporters avail benefits under schemes like merchandise export from India scheme (MEIS), services export from India scheme (SEIS), Rebate of State Levies (RoSL), and Rebate of State and Central Taxes and Levies (ROSCTL).
Depending on the nature of services and product, the government gives duty credit scrips or certificates to exporters. These scrips can be transferred or used for payment of a number of duties including the basic customs duty.
The directorate general of foreign trade (DGFT), under the ministry, said during the period, no fresh applications would be allowed to be submitted at the online IT module of DGFT for these schemes and all submitted applications pending for issuance of scrips would also be on hold.
