December 31 deadline fixed for exporters to submit applications for pending dues

The last date for exporters to submit online applications to claim their pending dues under different export promotion schemes is December 31, the government said on Friday.

To claim pending refunds under the erstwhile Merchandise Exports from India Scheme, exporters can submit applications for exports made during July 1, 2018-March 31, 2019, FY20 and April 1- December 31, 2020.

Similarly, they can file applications under the Services Export from India Scheme for exports made during 2018-20.

The development comes a week after the government announced to release Rs 56,027 crore against pending tax refunds of exporters under various export incentive schemes.

As per a notification issued by the commerce and industry ministry, textile exporters can file applications for exports made during March 7, 2019 to December 31, 2020 under the Rebate of State and Central Levies and Taxes scheme.

However, no further applications would be allowed to be submitted after December 31 and they would become time-barred.

The validity period of duty credit scrips or certificates issued on or after September 16, 2021 shall be 12 months from the date of issue, according to the notification.


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