Status Holders Incentive Scrip – Eligible for Exports in 2012-13 also

By Vijay Kumar

PARA 3.16.1 of the Foreign Trade policy reads as:

3.16 Status Holders Incentive Scrip (SHIS)

3.16.1

With an objective to promote investment in upgradation of technology of some specified sectors as listed in Para 3.16.4 below, Status Holders shall be entitled to incentive scrip @1% of FOB value of exports made during 2009-10, 2010-11 and during 2011-12, of these specified sectors, in the form of duty credit.

The Status Holders of the additional sectors listed in the Para 3.10.8 of HBPv1 2009-14 (RE-2010) shall be eligible for this Status Holders Incentive Scrip on exports made during 2010-11 and 2011-12.

This shall be over and above any duty credit scrip claimed/availed under this chapter.

Now it is added, “The Status Holders shall also be eligible for the Status Holders Incentive Scrip on exports made during 2012-2013”.

DGFT Notification No. 84(RE-2010)/2009-2014, Dated : October 31, 2011