SEIS Scrip is issued to an exporter who had applied to DGFT under Foreign Trade Policy. SEIS Scrip is additional benefit by Government for promoting Certain export of of services. Use of this Scrip is adjust towards import duty payment or Sell SEIS Scrip in Open market. Sell of SEIS Scrip means to transfer Scrip from owner to Buyer. Formalities for transfer of SEIS Scrip is need to be done online and office. Once Scrip is issued its valid for three years from its date of registration. By visiting DGFT website details of same can be verified.
Transfer letter need be prepared by Sell and address same to buyer. Physical copy of this letter need to be submitted from seller to buyer. This letter must have Scrip number , its value and date.
For ease of doing business DGFT had started web platform to transfer SEIS Scrip from seller to buyer. This facility is started from 14th January, 2019. By using Class 3 DSC seller need to transfer SEIS Scrip online to buyer. After valid transfer buyer can utilize same for payment of import duty,
To,
ABC INTERNATIONAL
Mumbai – 400 080.
Dear Sir
Sub: Transfer of SEIS Authorization No. 311XXXXX41 Dtd. 11.03.2019 for Rs. 253875
We do hereby transfer above License in your favors in terms of Import Export Policy 2015-2020 VOL. You should utilize these Licenses strictly within the provisions of the policy in force, if any infringement / violation of the rules and regulating committed by you, then you will be wholly and solely responsible for the same and it will not be binding on us. We confirm that we have received full and final consideration amount for transferring the above License. We shall have no right to claim of what so ever nature on the above said License hence forth. This Transfer letter is valid for the admissible items as per ITC (HS) Classification of Export Import items as amended from time to time. You may operate up on the said License and goods thus imported in accordance with Import Policy in force shall be for your sole benefit and for this purpose, we confirm that you will not require any separate authority from us.
Thanking you
Your faithfully
Duration for Transfer SEIS Scrip Online
Complete duration for transfer of SEIS Scrip from seller to buyer can be done in 2-3 working day. Once online filing is done, you can verify detail by visiting DGFT Web site.
By visiting DGFT website. http://dgft.gov.in/ details about Scrip cab check such as date of issue, name of owner , address detail. Under services section , MEIS/SEIS View/Transfer , this details can be check.
