Earlier in June 2020, the Ministry of Textiles had provided that the DGFT would be issuing the Duty Credit Scrips for RoSTL also over and above the budget provision for the shipments made prior to 07 March 2019 only. The allocation of RoSTL over and above budget provision for issuing scrips, would be provided by the Department of Revenue for such old cases which could not be disbursed due to budget limitation.
In respect thereto, the DGFT vide Notification No. 37/2015-2020 dated 06 October 2020 has enabled issuance of duty credit scrips under the RoSCTL, for which the procedure will be laid down separately.
Disclaimer:
The information provided in this update is intended for informational purposes only and does not constitute legal opinion or advice. Readers are requested to seek formal legal advice prior to acting upon any of the information provided herein. This update is not intended to address the circumstances of any particular individual or corporate body. There can be no assurance that the judicial/ quasi judicial authorities may not take a position contrary to the views mentioned hereinrra quis.
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