Tax Management India. Com
                        Law and Practice: A Digital eBook ...

Category of Documents

TMI - Tax Management India. Com
Case Laws Acts Notifications Circulars Classification Forms Manuals SMS News Articles
Highlights
D. Forum
What's New

Share:      

        Home        
 
Article Section
Home Articles Customs - Import - Export - SEZ Vivek Jalan Experts This
← Previous Next →

Analysis of extension of due dates under FTP

Submit New Article

Discuss this article

Analysis of extension of due dates under FTP
By: Vivek Jalan
June 30, 2020
All Articles by: Vivek Jalan       View Profile
  • Contents

Extension of due dates under FTP

Recently Central Government has enhanced due dates related to FTP-2015-20 vide various notifications issued from time to time. Article analyses all such extension of due dates in recent past-

Extensions in FTP

Extentions

– Duty Credit Scrips issued between 01.03.2018 and 30.06.2018 shall be valid till 30.09.2020

– AEO License expiring between 1st March & 31st May 2020 – Till 30th June 2020

– In MEIS applications which attracted a late cut as on 01.03.2020, the period between 01.03.2020 and 30.06.2020 shall not be counted and the last date for submission of various categories of applications attracting that late cut and the applicable cuts will be accordingly suitable re-determined.

– For SEIS applications

a. For the services rendered in FY 2016-17, the last date of application with 10% late cut would be 30.06.2020 and after that date it would become time barred.

b.  For the services rendered in the FY 2017-18, 5% late cut as was applicable on 31.03.2020, shall continue to be applicable for applications submitted till 30.06.2020, and thereafter 10% late cut would be applicable for applications submitted till 31.03.2021.

Extension of RCMC

Extension of validity of Registration cum Membership Certificate (RCMC) beyond 31st March, 2020 –

– It has been decided that Regional Authorities (RAs) of DGFT will not insist on valid RCMC (in cases where the same has expired on or before 31 March, 2020) from the applicants for any incentive/authorizations till 30 September, 2020.

– EPCs will collect the applicable fees for the year 2020-21 on restoration of normalcy

FTP – 2015-20

1. Extension of Scheme of Rebate of State and Central Taxes and Levies on Export of Garments and Made-ups (RoSCTL)

2. It is clarified, without prejudice and subject to changes that may be deemed necessary in public interest from time to time, that:

a) Benefits under MEIS for any item/tariff line /HS Code currently listed in Appendix 3B, Table 2 (MEIS Schedule) will be available only up to 31.12.2020;

b) Prior to 31.12.2020, as and when an item/tariff line/HS code is notified to be covered under RoDTEP Scheme, it would at the same time be removed from coverage under MEIS;

 

By: Vivek Jalan - June 30, 2020

 

 

Discuss this article

 
← Previous Next →

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || Database || Members || Refer Us ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Site Map - Recent || Site Map || ||