The Government provides various benefits under various schemes like MEIS, SEIS, ROSL, ROSCTLÂ to exporters of goods and services in the DGFT IT modules.
Due to changes in allocation procedure, the Government had put on hold acceptance, processing, and issuance of claims vide trade notice no. 08/2021-22 dated 08th July 2021.
Till further notice, no fresh application would be allowed to be submitted at the online module of DGFT for these schemes and all submitted applications pending for issuance of scrips would also be on hold.
Due to the stoppage of application, processing, and insurance, the exporter will face a shortage of cash.
Merchandise exports grew a record $95 billion during April-June and India aims to clock $400 billion exports in FY22.
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Published on: July 10, 2021