New Delhi, Jan 7 (KNN) The government today disallowed use of duty credit scrips earned by exporters who fail to meet their export obligation in case of several schemes including the popular Served From India Agree (SFIS) and Agri-Infrastructure Incentive Scheme (AIIS).

"Status Holder Incentive Scheme (SHIS), SFIS and AIIS scrips cannot be used for payment of custom duty for shortfall in export obligation in Advance Authorisation or Duty Free Import Authorization," Director General of Foreign Trade (DGFT) said in a notification.

These duty-benefit certificates, or scrips, under the three schemes are used to import capital goods.

Service providers are entitled to duty credit scrips under Served from India Scheme at the rate of 10 per cent of free foreign exchange earned during a financial year. SFIS was aimed at accelerating growth in export of services so as to create a powerful and unique 'Served From India' brand, instantly recognised and respected world over.

Under the AIIS, exporters get duty credit scrip equal to 10 per cent of free-on-board value of agricultural exports.

Similarly, SHIS aimed at promoting investments in up gradation of technology. Under this, exporters are entitled to duty credit scrip equal to 1 per cent of free-on-board value of exports.  (KNN/SD)