3.6

SERVED FROM INDIA SCHEME (SFIS)

(a) Policy for SFIS is given in Chapter 3 of FTP.

(b) An application for grant of Duty Credit Scrip for foreign exchange earned during current financial year, shall be filed on monthly/quarterly/ half-yearly/ annual basis, in ANF 3B along with documents prescribed therein at the option of the applicant to be exercised along with first application for the current financial year. This option will be filed with jurisdictional RA. The last date for filing application shall be 12 months from the end of relevant month / quarter / half-year /year.

(c) Service providers shall submit a statement of imports made under the Duty Credit Scrip to jurisdictional RA with a copy to jurisdictional Excise authorities (service tax cell) within one month of completion of imports or expiry of validity of Duty Credit Scrip, whichever is earlier.