The Director-General of Foreign Trade received intel from exporters who highlighted fraud in certain scrips.
After deliberations with the Department of Revenue (DOR) and to improve trade facilitation, DGFT decided to re-open the IT module with certain additional features and limitations.
Numerous new features have been incorporated into the scrip transfer Recording Module.
A time delay is added to the transfer of the scrip mechanism. It will happen in two cases. Firstly, the original owner of the scrip cannot transfer the scrip to the next transferee immediately, they will be able to transfer after a few days. Similarly, in cases of transfer of scrip from one entity to another can happen after few hours after the previous transfer.