14.5.1.1 — CAM

14.5.1. PROCEDURE FOR ACCOUNTING OF ISSUE AND UTILIZATION OF SCRIPS TOWARDS PAYMENT OF CUSTOMS DUTY 14.5.1.1 The Govt. of India has been providing rebates on taxes paid and incentives to Exporters under various schemes like RoDTEP (Remission of Duties and Taxes on Exported Products), RoSCTL (Remission of State and Central Taxes and Levies), like MEIS (Merchandise exports from India Scheme), SEIS (Service Exports of India Scheme). The issue of scrips to exporters and its utilization had so far been treated only as revenue foregone. From Financial year 2021-22 onwards, however, the Government decided that there should be a budgetary control over the issue and discharge of scrips towards payment of Customs Duty. Accordingly, the Budget Division has provided an accounting process (as detailed below) to be followed in the budgetary route of issue of scrips and its discharge through the CFI and Public account.