Business Environment, 4th Edition by Pearson

688 | Chapter 23

4. Duty credit scrips to be freely transferable and usable for payment

of custom duty, excise duty and service tax.

(a) All scrips issued under MEIS and SEIS and the goods imported against these

scrips would be fully transferable

(b) Scrips issued under Exports from India Schemes can be used for the following:

i. Payment of customs duty for import of inputs/goods including capital

goods, except items listed in Appendix 3A

ii. Payment of excise duty on domestic procurement of inputs or goods,

including capital goods as per DoR notification

iii. Payment of service tax on procurement of services as per DoR notification ...