Organisation : Directorate General of Foreign Trade (DGFT)
Facility Name : Scrip Transfer
Applicable Country : India
Website : https://www.dgft.gov.in/CP/
What is DGFT Scrip Transfer?
DGFT scrip transfer refers to the process of recording the transfer of scrips (like MEIS, SEIS, or RoSCTL) on the DGFT (Directorate General of Foreign Trade) portal. This is a mandatory step for both the seller (transferor) and the buyer (transferee) to ensure that the new owner can utilize the scrip for duty payments. The transferor initiates the process by recording the transfer details on the DGFT portal, and the transferee then needs to accept or reject the transfer request.
Related / Similar Facility : DGFT Remission of Duties and Taxes on Exported Products (RoDTEP)
How To Apply For DGFT Scrip Transfer?
** Importer/Exporter needs to register on DGFT Website by login on https://www.dgft.gov.in/
** Link the existing IEC https://www.dgft.gov.in/CP/?opt=application-help
** Register for Aadhaar E-sign under My Dashboard > View and Register Aadhaar E-sign
** Scrip Management under Services > Record Scrip Transfer.
** Both transacting IEC’s (sending & receiving) should be in Valid and the Scrip being transferred should be Active.
** Only the member (director, partner, trustee etc.) of the IEC will be able to e-sign using Aadhaar and will be able to initiate the online record of scrip transfer or accept/reject the requests.
FAQ On DGFT Scrip Transfer
Frequently Asked Questions FAQ On DGFT Scrip Transfer
What to do if I do not receive the OTP?
** The OTP will be sent to the IEC registered contact mobile number and not on the logged in user’s mobile number.
** You may wait for the OTP or use ‘Resend OTP’ option after 15 minutes.
** The OTP is valid only for 15 Mins.
On which contact number will I receive the OTP?
OTP will be sent on the registered IEC contact number and not on the logged in user’s mobile number.
Will the OTP be sent to the email id?
No, OTP will only be sent on the registered contact number of IEC.
What should I do when OTP expires?
Click on the “Resend OTP” button and the OTP will be sent again on the registered mobile number of IEC.
What should I do if OTP entered is not verified?
Enter the correct OTP again. Else, reinitiate the transaction from the beginning.
Would I be able to sign with the DSC the request to record Scrip Transfer?
No, only Aadhaar E-signing is allowed while submitting the request to record scrip transfer and accept/reject the requests.
How will I be able to track the submitted Transfer request?
To view the request after Login you may navigate “Services -> Scrip Management / SEIS / MEIS / RoSCTL -> View Status of Request”
Can I send more than one scrip in single request?
No, Transfer of only one scrip can be initiated in a single request.
Is there any fee/charge to record the online transfer of request?
No, the request to record scrip transfer is free of charge.
Can I transfer the Scrip I have received from someone?
Yes, a received scrip can be transferred to another importer/exporter. However, you need to record this transfer request using the DGFT Portal.
Can I withdraw the transfer request once submitted?
Yes, a transfer request submitted once can be withdrawn after 48 hrs by the Importer/Exporter who has initiated the transaction to record scrip transfer.
If I have received a “Record Transfer Request” how can I accept/reject it?
To Accept/Reject the request after Login you may navigate “Services -> Scrip Management / SEIS / MEIS / RoSCTL -> View Status of Request”. Search the request with respective search parameters and then navigate to “Action -> Accept/Reject”.
Till what time can I withdraw my request?
A request can be withdrawn only after 48hrs of submission and can be withdrawn till the status of the request id “Transfer – Pending Acceptance “.
How to differentiate if the Active Scrip is originally mine or I have received it from someone else?
There is a flag “Is Scrip Transferred?” if it is ‘No’ then you are the original owner of the scrip otherwise; the scrip is being transferred to you