Status Holders Incentive Scrip (SHIS)
3.16- 3.16.1 to 3.16.4 from FT Policy:
3.16 Status Holders Incentive Scrip (SHIS)
(a) Objective of SHIS is to promote investment in upgradation of technology. (b) Status Holders of sectors specified in Para 3.16.4 below, shall be entitled to a Duty Credit Scrip @1% of FOB value of exports made during 2009-10 ,2010-11,2011-12 and 2012-13. (c) Status Holders of additional sectors listed in Para 3.10.8 of HBPv1 2009-14 (RE-2010) shall also be eligible for this Status Holders Incentive Scrip on exports made during 2010-11, 2011-12 and 2012-13. (d) This shall be over and above any Duty Credit Scrip claimed/availed under this chapter.
Status Holders availing Technology Upgradation Fund Scheme (TUFS) benefits (administered by Ministry of Textiles) during a particular year shall not be eligible for Status Holders Incentive Scrip for exports of that year.
The Status Holders Incentive Scrip will be subject to actual user condition. However transferability will be permitted amongst status holders subject to the condition that the transferee status holder is a manufacturer. Status Holder Incentive Scrip shall be used for import of capital goods (as defined in FTP) relating to sectors specified in Para
3.16.4 below and para 3.10.8 of HBP. Only in respect of CG imported earlier, upto 10% value of the Duty Credit Scrip can be used for import of components, spares/parts of such CG.
Status Holders of the following Sectors shall be eligible for the Status Holders Incentive Scrip:
(i) Leather Sector (excluding finished leather);
(ii) Textiles and Jute Sector;
(iv) Engineering Sector (excluding Iron & Steel)