Chapter 3 - EXPORTS FROM INDIA SCHEMES - Foreign Trade Policy 2015-2020 (From 5-12-2017 to 31-3-2023) Revised

CHAPTER 3 EXPORTS FROM INDIA SCHEMES 3.00 Objective The objective of schemes under this chapter is to provide rewards to exporters to offset infrastructural inefficiencies and associated costs. 3.01 Exports from India Schemes There shall be following two schemes for exports of Merchandise and Services respectively: (i) Merchandise Exports from India Scheme (MEIS). (ii) Service Exports from India Scheme (SEIS). 3.02 Nature of Rewards Duty Credit Scrips shall be granted as rewards under MEIS and SEIS. The Duty Credit Scrips and goods imported / domestically procured against them shall be freely transferable. The Duty Credit Scrips can be used for : (i) Payment of Basic Customs Duty and Additional Customs Duty specified under sections 3 (1), 3 (3) and 3 (5) of the Customs Tariff Act, 1975 for import of inputs or goods, including capital goods, as per DoR Notification, except items listed in Appendix 3A. (ii) Payment of Central excise duties on domestic procurement of inputs or goods, (iii) Deleted (iv) Payment of Basic Customs Duty and Additional Customs Duty specified under Sections 3 (1), 3 (3) and 3 (5) of the Customs Tariff Act, 1975 and fee as per paragraph 3.18 of this Policy. Merchandise Exports from India Scheme (MEIS) 3.03 Objective Objective of the Merchandise Exports from India Scheme (MEIS) is to promote the manufacture and export of notified goods/ products. 3.04 Entitlement under MEIS Exports of notified goods/products with ITC[HS] code, to notified markets as listed in Appendix 3B, shall be rewarded under MEIS. Appendix 3B also lists the rate(s) of rewards on various notified products [ITC (HS) code wise]. The basis of calculation of reward would be on realised FOB value of exports in free foreign exchange, or on FOB value of exports as given in the Shipping Bills in freely convertible foreign currencies, whichever is less, unless otherwise specified. 6 [ 3.04 A 13 [ The total reward which may be granted to an IEC holder under the Merchandise Exports from India Scheme (MEIS) shall not exceed ₹ 2 Crore per IEC on exports made in the period 01.09.2020 to 31.12.2020 [period based on Let Export Order (LEO) date of shipping bill(s)]. Any IEC holder who has not made any export with LEO date during the period 01.09.2019 to 31.08.2020 or any new IEC obtained on or after 01.09.2020 would not be eligible for submitting any claim for benefits under MEIS for exports made with effect from 01.09.2020. ] 3.04 B Benefits under MEIS shall not be available for exports made with effect from 01.01.2021. ] 2 [3.05 Entitlement under MEIS for Export of goods through courier or foreign post offices Exports of goods through courier or foreign post office, as notified in Appendix 3C, of FOB value upto ₹ 5,00,000 per consignment shall be entitled for rewards under MEIS. If the value of exports, is more than ₹ 5,00,000 per consignment then MEIS reward would be calculated on the basis of FOB Value of ₹ 5,00,000 only. ] 3.06 Ineligible categories under MEIS The following exports categories /sectors shall be ineligible for Duty Credit Scrip entitlement under MEIS (i) Supplies made from DTA units to SEZ units (ii) Export of imported goods covered under paragraph 2.46 of FTP; (iii) Exports through trans-shipment, meaning thereby exports that are originating in third country but trans-shipped through India; (iv) Deemed Exports; (v) SEZ/ EOU /EHTP/ BTP /FTWZ products exported through DTA units; (vi) Export products which are subject to Minimum export price or export duty. (vii) Exports made by units in FTWZ. Service Exports from India Scheme (SEIS) 3.07 Objective Objective of Service Exports from India Scheme (SEIS) is to encourage and maximize export of notified Services from India. 3.08 Eligibility (a) Service Providers of notified services, located in India, shall be rewarded under SEIS. Only Services rendered in the manner as per Para 9.51(i) and Para 9.51(ii) of this policy shall be eligible. The notified services and rates of rewards are listed in Appendix 3D. 5 [ However, the service categories eligible under the scheme and the rates of reward on such services as rendered w.e.f. 1st April, 2019 to 31st March, 2020 shall be notified separately in Appendix 3 X. For the services rendered w.e.f. 1st April, 2020, decision on continuation of the scheme will be taken subsequently and notified accordingly. ] 8 [ (aa) For SEIS claims on services rendered in the FY 2019-20, the notified services and rates are listed in Appendix 3X as per Annexure to this Notification. ] (b) 1 [Such service provider should have minimum net free foreign exchange earnings of US$15,000 in year of rendering service to be eligible for Duty Credit Scrip. For Individual Service Providers and sole proprietorship, such minimum net free foreign exchange earnings criteria would be US$10,000 in year of rendering service.] (c) Payment in Indian Rupees for service charges earned on specified services, shall be treated as receipt in deemed foreign exchange as per guidelines of Reserve Bank of India. The list of such services is indicated in Appendix 3E. 9 [ However, there shall be no such specified services under Appendix 3E for exports made in the financial year 2019-20 ] (d) Net Foreign exchange earnings for the scheme are defined as under: Net Foreign Exchange = Gross Earnings of Foreign Exchange minus Total expenses / payment / remittances of Foreign Exchange by the IEC holder, relating to service sector in the Financial year. (e) If the IEC holder is a manufacturer of goods as well as service provider, then the foreign exchange earnings and Total expenses / payment / remittances shall be taken into account for service sector only. (f) In order to claim reward under the scheme, Service provider shall have to have an active IEC at the time of rendering such services for which rewards are claimed. 3.09 Ineligible categories under SEIS Foreign exchange remittances other than those earned for rendering of notified services would not be counted for entitlement. Thus, other sources of foreign exchange earnings such as equity or debt participation, donations, receipts of repayment of loans etc. and any other inflow of foreign exchange, unrelated to rendering of service, would be ineligible. 3.10 Entitlement under SEIS Service Providers of eligible services shall be entitled to Duty Credit Scrip at notified rates (as given in Appendix 3D) on net foreign exchange earned. 10 [ 3.10A For SEIS claim for FY 2019-20, service providers of eligible services shall be entitled to Duty Credit Scrip at notified rates (as given in Appendix 3X) on net foreign exchange earned, with the total entitlement capped at ₹ 5 Crore per IEC for FY 2019-20. 3.10B For SEIS claim for FY 2019-20, the deadline for filing the online application as per ANF 3B shall be 31.12.2021. Provision of late cut under para 9.02 of HBP 2015-20 shall not apply for SEIS applications for FY 2019-20 and such applications shall get time-barred after 31.12.2021. ] 3.11 Remittances through Credit Card and other instruments for MEIS and SEIS Free Foreign Exchange earned through international credit cards and other instruments, as permitted by RBI shall also be taken into account for computation of value of exports. 3.12 Effective date of schemes (MEIS and SEIS) The schemes shall come into force with effect from the date of notification of this Policy, i.e. the rewards under MEIS/SEIS shall be admissible for exports made/services rendered on or after the date of notification of this Policy. 3.13 Special Provisions (a) Government reserves the right in public interest, to specify export products or services or markets, which shall not be eligible for computation of entitlement of duty credit scrip. (b) Government reserves the right to impose restriction / change the rate/ceiling on Duty Credit Scrip under this chapter. (c) Government may also notify goods in Appendix 3A which shall not be allowed for debiting through Duty Credit Scrips in case of import. (d) Government may prescribe value cap of any kind for a product(s) or limit total reward per IEC holder under this chapter at any time. 7 [ 12 [ 14 [ 3.13A: Last Date of Submitting Applications for Scrip based Schemes The last date for submission of online applications under MEIS for exports made in the period 01.09.2020 to 31.12.2020, and applicable late cut as in Para 9.02 of HBP would be as below: Scheme Last date of submission of Application Late Cut if submitted till the last date as in column 2 (as % age of Entitlement under the scheme) (1) (2) (3) MEIS (for exports in the period 01.09.2020 to 31.12.2020) 31.08.2022 Nil No further MEIS applications would be allowed to be submitted after the prescribed last date (as above) and such applications would become time-barred. Late cut provisions shall also not be available for submitting claims at a later date. ] b. In supersession of the laid down provisions on applicable late cut as in para 9.02 of the HBP, the new late cut for applications submitted upto 28.02.2022 as indicated above shall be: Sl No. Scheme Period of Exports (Let Export Date in the period) / Services rendered in the period Late Cut (as % age of EntitIement under the Scheme) 1. MEIS FY 2018-19 (01.07.2018 to 31.03.2019 10% 2 MEIS FY 2019-20 and FY 2020-21 (upto 31.12.2020) Nil 3. SEIS FY 2018-19 5% 4. SEIS FY 2019-20 Nil 5. ROSCTL 07.03.2019 to 31.12.2020 Nil 6. ROSL Upto 06.03.2019 Nil ] 3.13B: Validity Period of Scrips a. In supersession of existing laid down provisions regarding validity of a Duty Credit Scrip in Hand Book of Procedures (HBP) 2015-20, the new validity period of a Duty Credit Scrip issued on or after 16.09.2021 shall be 12 months from the date of issue, for scrip based Schemes under chapter 3 and chapter 4 of the Foreign Trade Policy (FTP) 2015-20 or the earlier FTPs ] Common Provisions for Exports from India Schemes (MEIS and SEIS) 3.14 Transitional Arrangement For the goods exported or services rendered upto the date of notification of this Policy, which were otherwise eligible for issuance of scrips under erstwhile Chapter 3 of the earlier Foreign Trade Policy(ies) and scrip is applied / issued on or after notification of this Policy against such export of goods or services rendered, the then prevailing policy and procedure regarding eligibility, entitlement, transferability, usage of scrip and any other condition in force at the time of export of goods or rendering of the services, shall be applicable to such scrips. 3.15 CENVAT/ Drawback Additional Customs duty specified under Sections 3(1), 3(3) and 3(5) of the Customs Tariff Act, 1975 /Central excise duty paid in cash or through debit under Duty Credit scrip shall be adjusted as CENVAT Credit or Duty Drawback as per DoR rules or notifications. Basic Custom duty paid in cash or through debit under Duty Credit scrip shall be adjusted for Duty Drawback as per DoR rules or notifications. 3.16 Import under lease financing Utilization of Duty Credit Scrip shall be permitted for payment of duty in case of import of capital goods under lease financing in terms of provision in paragraph 2.34 of FTP. 3.17 Transfer of export performance (a) Transfer of export performance from one IEC holder to another IEC holder shall not be permitted. Thus, a shipping bill containing name of applicant shall be counted in export performance / turnover of applicant only if export proceeds from overseas are realized in applicant s bank account and this shall be evidenced from e - BRC / FIRC. (b) However, MEIS, rewards can be claimed either by the supporting manufacturer (along with disclaimer from the company / firm who has realized the foreign exchange directly from overseas) or by the company/ firm who has realized the foreign exchange directly from overseas. 3.18 Facility of payment of custom duties and fee through duty credit scrips (a) Duty Credit Scrip can be utilized / debited for payment of Custom Duties in case of EO defaults for Authorisations issued under Chapters 4 and 5 of Foreign Trade Policy. Such utilization /usage shall be in respect of those goods which are permitted to be imported under the respective reward schemes. However, penalty / interest shall be required to be paid in cash. (b) Duty credit scrips can also be used for payment of composition fee under FTP, for payment of application fee under FTP, if any and for payment of value shortfall in EO under Para 4.49 of HBP 2015-20. 3.19 Risk Management System (a) A Risk Management System shall be in operation whereby every month Computer system in DGFT Headquarters, on random basis and on the basis of guidelines issued by the DGFT from time to time, will select 10% of applications for each RA where scrips and Status Holder Certificates have already been issued, under each scheme. RA in turn may call for original documents in all such selected cases for further examination in detail. In case any discrepancy and/ or over claim is found on such examination, the applicant shall be under obligation to rectify such discrepancy and/or refund over claim in cash with interest at the rate prescribed under section 28 A A of the Customs Act 1962, from the date of issue of scrip in the relevant Head of Account of Customs within one month. The original holder of scrip, however, may refund such over claim by surrendering the same scrip whether partially utilized or fully unutilized, without interest. (b) Regional Authority may ask for original proof of landing certificate (wherever required under the policy), annexures attached to ANFs or any other document, which has been uploaded digitally or any other export related documents related to the application such as Export Invoices at any time within three years from the date of issue of scrip. Failure to submit such documents in original would make applicant liable to refund the reward granted along with interest at the rate prescribed under section 28 A A of the Customs Act 1962, from the date of issuance of scrip. If an applicant is found to have misdeclared the Item description under any ITC HS Code, appropriate action under FT(D R) Act, would be taken. It would be the responsibility of applicant to maintain such documents, certificate etc. for a period of at least three years from the date of issuance of scrips or the completion of scrutiny under RMS initiated by the RA whichever is later. 3.20 Status Holder (a) Status Holders are business leaders who have excelled in international trade and have successfully contributed to country s foreign trade. Status Holders are expected to not only contribute towards India s exports but also provide guidance and handholding to new entrepreneurs. 15 [ ( b) All exporters of goods, services and technology having an import-export code (IEC) number shall be eligible for recognition as a status holder. Status recognition will depend on export performance. An applicant shall be categorized as status holder on achieving export performance during the current and previous three financial years (for Gems Jewellery Sector the performance during the current and previous two financial years shall be considered for recognition as status holder) as indicated in paragraph 3.21 of Foreign Trade Policy. The export performance will be counted on the basis of FOB of export earning in freely convertible foreign currencies or in Indian Rupees as per para 2.53 of the FTP. ] (c) For deemed export, FOR value of exports in Indian Rupees shall be converted in US$ at the exchange rate notified by CBEC, as applicable on 1st April of each Financial Year. (d) For granting status, export performance is necessary in at least two out of four years. 3.21 Status Category Status Category Export Performance FOB / FOR (as converted) Value (in US $ million) One Star Export House 3 Two Star Export House 25 Three Star Export House 100 Four Star Export House 500 Five Star Export House 2000 3.22 Grant of Double Weightage (a) The exports by IEC holders under the following categories shall be granted double weightage for calculation of export performance for grant of status. (i) Micro, Small Medium Enterprises (MSME) as defined in Micro, Small Medium Enterprises Development (MSMED) Act 2006. (ii) Manufacturing units having ISO/BIS. (iii) Units located in North Eastern States including Sikkim and Jammu Kashmir. (iv) Units located in Agri Export Zones. (b) Double Weightage shall be available for grant of One Star Export House Status category only. Such benefit of double weightage shall not be admissible for grant of status recognition of other categories namely Two Star Export House, Three Star Export House, Four Star export House and Five Star Export House. (c) A shipment can get double weightage only once in any one of above categories. 3.23 Other conditions for grant of status (a) Export performance of one IEC holder shall not be permitted to be transferred to another IEC holder. Hence, calculation of exports performance based on disclaimer shall not be allowed. (b) Exports made on re-export basis shall not be counted for recognition. (c) Export of items under Authorisation, including SCOMET items, would be included for calculation of export performance. 3.24 Privileges of Status Holders A Status Holder shall be eligible for privileges as under: (a) Authorisation and Customs Clearances for both imports and exports may be granted on self-declaration basis; (b) Input-Output norms may be fixed on priority within 60 days by the Norms Committee ;Special scheme in respect of Input Output Norms to be notified by DGFT from time to time, for specified status holder (c) Exemption from furnishing of Bank Guarantee for Schemes under FTP, unless specified otherwise anywhere in FTP or HBP; (d) Exemption from compulsory negotiation of documents through banks. Remittance / receipts, however, would be received through banking channels; (e) Two star and above Export houses shall be permitted to establish Export Warehouses as per Department of Revenue guidelines. (f) Three Star and above Export House shall be entitled to get benefit of Accredited Clients Programme (ACP) as per the guidelines of CBEC (website: http://cbec.gov.in). (g) The status holders would be entitled to preferential treatment and priority in handling of their consignments by the concerned agencies. (h) Manufacturers who are also status holders (Three Star/Four Star/Five Star) will be enabled to self-certify their manufactured goods (as per their IEM/IL/LOI) as originating from India with a view to qualify for preferential treatment under different preferential trading agreements (PTA), Free Trade Agreements (FTAs), Comprehensive Economic Cooperation Agreements (CECA) and Comprehensive Economic Partnership Agreements (CEPA). Subsequently, the scheme may be extended to remaining Status Holders. (i) Manufacturer exporters who are also Status Holders shall be eligible to self-certify their goods as originating from India as per Para 2.108 (d) of Hand Book of Procedures. 3 [ (j) Status holders shall be entitled to export freely exportable items (excluding Gems and Jewellery, Articles of Gold and precious metals) on free of cost basis for export promotion subject to an annual limit as below: a. Annual limit of 2% of average annual export realization during preceding three licensing years for all exporters (excluding the exporters of following sectors-(1) Gems and Jewellery Sector, (2) Articles of Gold and precious metals sector) . b. Annual limit of Rupees One Crore or 2% of average annual export realization during preceding three licensing years, whichever is lower. (for exporters of the following sectors-(1) Gems and Jewellery Sector, (2) Articles of Gold and precious metals sector). c. In case of supplies of pharmaceutical products, vaccines and lifesaving drugs to health programmes of international agencies such as UN, WHO-PAHO and Government health programmes, the annual limit shall be upto 8% of the average annual export realisation during preceding three licensing years. The free of cost supplies made under provisions of Para 3.24(j) shall not be entitled to Duty Drawback or any other export incentive under any export promotion scheme. ] 4 [3.25 A 2% Additional Ad hoc Incentive for 2 HS Codes/ tariff lines, as below : i. 85171211 - Mobile phones, other than push button type and ii. 85171219 - Mobile phones, push button type would be available, along with the rewards under MEIS for exports made in the period 01.01.2020 to 31.03.2020 only. The basis of calculation of reward would be on realised FOB value of exports in free foreign exchange, or on FOB value of exports as given in the Shipping Bills in freely convertible foreign currencies. whichever is less, unless otherwise specified. All other provisions as applicable for MEIS in the Foreign Trade Policy, 2015-20 and Handbook of Procedures 2015-20, shall be applicable for the 2% Additional Ad Hoc Incentive as well. The application for MEIS for the said codes would be considered as an application for the Additional Ad hoc Incentive also. ] ******************** Notes:- 1. Substituted vide Notification No: 8/2015-2020 - Dated 24-05-2018 , before it was read as, (b) Such service provider should have minimum net free foreign exchange earnings of US$15,000 in preceding financial year to be eligible for Duty Credit Scrip. For Individual Service Providers and sole proprietorship, such minimum net free foreign exchange earnings criteria would be US$10,000 in preceding financial year. 2. Substituted vide Notification No. 22/2015-2020 dated 26-07-2018 before it was read as 3.05 Export of goods through courier or foreign post offices using e-Commerce (i) Exports of goods through courier or foreign post office using ecommerce, as notified in Appendix 3C, of FOB value upto ₹ 25000 per consignment shall be entitled for rewards under MEIS. (ii) If the value of exports using e-commerce platform is more than ₹ 25000 per consignment then MEIS reward would be limited to FOB value of ₹ 25000 only. (iii) Such goods can be exported in manual mode through Foreign Post Offices at New Delhi, Mumbai and Chennai. (iv) Export of such goods under Courier Regulations shall be allowed manually on pilot basis through Airports at Delhi, Mumbai and Chennai as per appropriate amendments in regulations to be made by Department of Revenue. Department of Revenue shall fast track the implementation of EDI mode at courier terminals. 3. Substituted vide Notification No. 28/2015-2020 dated 27-08-2018 before it was read as, (j) Status holders shall be entitled to export freely exportable items (excluding Gems and Jewellery, Articles of Gold and precious metals) on free of cost basis for export promotion subject to an annual limit of Rupees One Crore or 2% of average annual export realization during preceding three licensing years, whichever is lower. For export of pharma products by pharmaceutical companies, the annual limit would be 2% of the average annual export realisation during preceding three licensing years. In case of supplies of pharmaceutical products, vaccines and lifesaving drugs to health programmes of international agencies such as UN, WHO-PAHO and Government health programmes, the annual limit shall be upto 8% of the average annual export realisation during preceding three licensing years. Such free of cost supplies shall not be entitled to Duty Drawback or any other export incentive under any export promotion scheme. 4. Inserted vide Notification No: 43/2015-2020 dated 29-01-2020 5. Inserted vide NOTIFICATION No. 57/2015-2020 dated 31-03-2020 6. Inserted vide NOTIFICATION No: 30/2015-2020 dated 01-09-2020 7. Inserted vide Notification No: 26/2015-2020 dated 16-09-2021 8. Inserted vide Notification No. 29/2015-2020 dated 23-09-2021 9. Inserted vide Notification No. 29/2015-2020 dated 23-09-2021 10. Inserted vide Notification No. 29/2015-2020 dated 23-09-2021 11. Substituted vide Notification No. 48/2015-2020 dated 31-12-2021 before it was read as 3.13A: Last Date of Submitting Applications for Scrip based Schemes a. In supersession of the existing laid down provisions in the Hand Book of Procedures, 2015-20 with regard to last date for submitting online applications for scrip based claims, the last date for submitting online applications stands revised to 31st December 2021 for the following schemes i.e. i. for MEIS (for exports made in the period (s) 01.07.2018 to 31.03.2019, 01.04.2019 to 31.03.2020 and 01.04.2020 to 31.12.2020), ii. for SEIS (for service exports rendered in FY 18-19 and FY 2019-20), iii. for 2% additional ad hoc incentive (under para 3.25 of the FTP - for exports made in the period 01.01.2020 to 31.03.2020 only), iv. for ROSCTL (for exports made from 07.03.2019 to 31.12.2020) and v. for ROSL (for exports made upto 06.03.2019 for which claims have not yet been disbursed under scrip mechanism). After 31.12.2021, no further applications would be allowed to be submitted and they would become time-barred. Late cut provisions shall also not be available for submitting claims at a later date. b. In supersession of the laid down provisions on applicable late cut as in para 9.02 of the HBP, the new late cut for applications submitted upto 31.12.2021 as indicated above shall be: Sl no. Scheme Period of Exports (Let Export Date in the period) / Services rendered in the period Late Cut (as % age of Entitlement under the Scheme) 1 MEIS FY 2018-19 (01.07.2018 to 31.03.2019) 10% 2 MEIS FY 2019-20 and FY 2020-21 (upto 31.12.2020) Nil 3 SEIS FY 2018-19 5% 4 SEIS FY 2019-20 Nil 5 ROSCTL 07.03.2019 to 31.12.2020 Nil 6 OSL Upto 06.03.2019 Nil 12. Substituted vide NOTIFICATION NO. 53/2015-2020 dated 01-02-2022 before it was read as 11 [3.13A: Last Date of Submitting Applications for Scrip based Schemes (a) In supersession of the existing laid down provisions in the Hand Book of Procedures, 2015-20 with regard to last date for submitting online applications for scrip based claims, the last date for submitting online applications stands revised to 31st January 2022 for the following schemes i.e. i. for MEIS (for exports made in the period (s) 01.07.2018 to 31.03.2019, 01.04.2019 to 31.03.2020 and 01.04.2020 to 31.12.2020), ii. for SEIS (for service exports rendered for FY 18-19 and FY 2019-20), iii. for 2 % additional ad hoc incentive (under para 3.25 of the FTP - for exports made in the period 01.01.2020 to 31.03.2020 only) iv. for ROSCTL (for exports made from 07.03.2019 to 31.12.2020) and v. for ROSL (for exports made upto 06.03.2019 for which claims have not yet been disbursed under scrip mechanism). After 31.01.2022 , no further applications would be allowed to be submitted and they would become time-barred. Late cut provisions shall also not be available for submitting claims at a later date. (b) In supersession of the laid down provisions on applicable late cut as in para 9.02 of the HBP, the new late cut for applications submitted upto 31.01.2022 as indicated above shall be: SI No. Scheme Period of Exports (Let Export Date in the period) / Services rendered in the period Late Cut (as % age of Entitlement under the Scheme ) 1 MEIS FY 2018-19 (01.07.2018 to 31.03.2019) 10% 2 MEIS FY 2019-20 and FY 2020-21 (upto 31.12.2020) Nil 3 SEIS FY 2018-19 5% 4 SEIS FY 2019-20 Nil 5 ROSCTL 07.03.2019 to 31.12.2020 Nil 6 ROSL Upto 06.03.2019 Nil ] 13. Substituted vide NOTIFICATION No. 58/2015-2020 dated 07-03-2022 before it was read as The total reward which may be granted to an IEC holder under the Merchandise Exports from India Scheme (MEIS) shall not exceed ₹ 2 Crore per IEC on exports made in the period 01.09.2020 to 31.12.2020 [period based on Let Export Order (LEO) date of shipping bill(s)]. Any IEC holder who has not made any export with LEO date during the period 01.09.2019 to 31.08.2020 or any new IEC obtained on or after 01.09.2020 would not be eligible for submitting any claim for benefits under MEIS for exports made with effect from 01.09.2020. The aforesaid ceiling may be subject to further downward revision to ensure that the total claim under the Scheme for the period (01.09.2020 to 31.12.2020) does not exceed the allocation prescribed by the Government, which is ₹ 5,000 Cr. 14. Substituted vide NOTIFICATION No. 58/2015-2020 dated 07-03-2022 before it was read as a. In supersession of the existing laid down provisions in the Hand Book of Procedures, 2015-20 with regard to last date for submitting online applications for scrip based claims, the last date for submitting online applications stands revised to 28 th February 2022 for the following schemes i.e. I. i. for MEIS (for exports made in the period (s) 01.07.2018 to 31.03.2019, 01.04.2019 to 31.03.2020 and 01.04.2020 to 31.12.2020), ii. for SEIS (for service exports rendered for FY 18-19 and FY 2019-20), iii. for 2 % additional ad hoc incentive (under para 3.25 of the FTP for exports made in the period 01.01.2020 to 31.03.2020 only) iv. for ROSCTL (for exports made from 07.03.2019 to 31.12.2020) and v. for ROSL (for exports made upto 06.03.2019 for which claims have not yet been disbursed under scrip mechanism). After 28.02.2022 . no further applications would be allowed to be submitted and they would become time-barred. Late cut provisions shall also not be available for submitting claims at a later date. 15. Substituted vide Notification No. 43/2015-2020 dated 09-11-2022 before it was read as, (b) All exporters of goods, services and technology having an importexport code (IEC) number shall be eligible for recognition as a status holder. Status recognition will depend on export performance. An applicant shall be categorized as status holder on achieving export performance during the current and previous three financial years (for Gems Jewellery Sector the performance during the current and previous two financial years shall be considered for recognition as status holder) as indicated in paragraph 3.21 of Foreign Trade Policy. The export performance will be counted on the basis of FOB of export earning in freely convertible foreign currencies