Your first trade is free. Then 0.40%, only when a trade settles.
Your first trade on each IEC costs nothing: zero commission on a sale, and no spread on a cover. After that, a flat 0.40% of the value that settles plus GST on the sell side, taken once, from a trade that has actually settled. No subscriptions, no listing fees, no minimums.
Two rates and a share. Who pays which, stated plainly.
Almost everybody is on the first one. A desk is not doing the same thing as an exporter selling their own scrip, and a platform is not trading at all, so each is priced for what it actually does rather than squeezed under one number.
Selling your scrip or covering your own duty. Your first trade on each IEC is free. After that, 0.40% of the value that settles plus 18% GST on the sell side, charged once, only on a trade that settled. Selling and covering duty, each in full.
One rate for every desk, because a broker running client IECs and an enterprise running its own are the same category of account: 0.50% of the value that settles, plus GST, once per trade and never once per leg. On a broker desk it is charged only where you set both prices yourself, out of your spread, never your client's price; nothing at all when a client trades at a price Scriphouse made. The desk rate in full, and how a group runs it.
Two modes, chosen per trade. Your exporters and importers trading at Scriphouse prices pay the same standard rates as anyone trading here directly, first trade on each IEC free included, and the platform earns a share of the fee on the trades it originates, under a revenue-sharing agreement settled when you connect, with the split agreed there rather than discovered on an invoice. Settle a cross of your own, your exporter's scrip against your importer's cover at prices you set, and the platform pays instead: the flat 0.50% desk rate plus GST, charged to you and to neither client. One basis per trade, never both. The API and how it connects.
Every price ships its reasons.
There is no haggling on Scriphouse. The countdown is the negotiation, and each offer arrives showing what moved your number on your scrip. Here is a sell offer, line by line. The figures are one illustration of the shape, not a rate Scriphouse publishes.
Your firm bid, and what you take home
A price is made for that specific scrip, at the moment you ask. The offer shows the bid, the fee and the gross, so the take-home is on the screen before you decide. It is firm for 60 seconds.
- Priced live, not from a card. Two identical scrips can price differently on two days.
- Firm, not indicative. Sixty seconds at the number on the screen. It is a price, not a quote you have to chase.
- Your first trade on each IEC is free. After that it is 0.40% of the value that settles plus 18% GST, and it comes out of the proceeds, not your pocket.
The buy leg, and where the spread goes
Your first cover on each IEC carries no spread. After that, when you cover a Bill of Entry you pay a little over the seller's firm bid. It is shown to you in full before you approve, so the number you approve is the number you pay.
- Your first cover on each IEC carries no spread. You pay the seller's price, with nothing added. You still pay for the scrip. You just pay nothing on top of it.
- Delivery versus payment. Funds are secured before the scrip moves, and every listing is provenance screened.
- Never above face. Your ask is capped at 100%, so a scrip can never cost you more than its own credit.
- Cheaper than cash. A bundle costs less than the cash duty it settles, and the difference is shown before you approve.
Priced live, not read off a card.
There is no rate card and no standard rate for a scrip. Every scrip is priced for that specific scrip, at the moment you ask, and held firm for sixty seconds. What you get is a price you can act on, rather than an indication to negotiate from.
The direction is down as expiry nears. A credit with room to be applied is worth more to a buyer than one they may not clear in time, so a scrip comfortably clear of expiry earns full value and one near lapse fetches less. A scrip does not improve with age.
The direction is up. A large, clean position suits a buyer with the duty to absorb it in one go, and that is paid back to the seller. It is the one adjustment that raises a price rather than lowering it.
A whole scrip moves in one clean transfer. A part-used or split position carries more handling for whoever takes it on, and that shows up in what a buyer will pay for it.
RoDTEP and RoSCTL are different instruments to a buyer and need not sit at the same level on the same day. They are priced on their own lines rather than blended into one number.
Buy-side appetite for duty credit is not constant. It moves with what importers are actually clearing, so the same scrip does not have to price the same on two different days.
Not every scrip gets a price. If no number works for both the seller and a buyer, Scriphouse shows no offer rather than a poor one. A quote you would regret accepting is worse than a screen that says not today.
A scrip transfers for its whole amount, so we do not part-buy one. A lot is one scheme. We do not advance funds against a credit you have not sold. And a scrip pays basic customs duty under the First Schedule, not IGST or compensation cess, so the saving sits on that line.
₹0 on your first trade on each IEC. After that, 0.40% of the value that settles plus 18% GST, charged once, only on a settled trade. It is deducted from proceeds and itemised on the net-realisation statement, so your take-home is never a surprise.
This page is what the holder of the scrip pays. A desk that sets both prices itself is charged differently, once, out of its own spread, and never through its client. That is on broker pricing.
Your first cover on each IEC carries no spread: you pay the seller's price, with nothing added. After that, a spread over the seller's bid, +0.25% in the worked example, shown in full before you approve. Your ask stays capped at face, and a bundle costs less than the cash duty it settles.
What the low headline price on a broker chat actually costs.
A scrip sold in a WhatsApp group can look a shade cheaper. Price it whole, with the settlement, the risk, and the paperwork counted, and the picture changes.
- Prices are arrived at bilaterally, one number at a time, with nothing public to read them against.
- The transfer and the payment are separate events, and whoever moves first is unsecured until the other side follows.
- Counterparty risk is yours: a bad seller's history can follow the scrip to you.
- No provenance check on the shipping-bill chain or the seller's IEC before you buy.
- Invoices and GST treatment are your problem to reconstruct at audit time.
- The haggling, the chasing, and the reconciliation are all your effort.
- One firm number on your own scrip, produced for that scrip at the moment you ask and held for sixty seconds.
- Atomic DvP: buyer funds are secured before the scrip moves, or neither moves, and payout is released on ICEGATE confirmation with a UTR, in minutes, same day (T+0).
- A failed settlement unwinds and refunds in full the same day. September 2022 notifications shield a bona-fide transferee from a seller's prior defaults.
- Provenance screening before listing: shipping-bill chain, seller IEC history, KYC, and live ledger status.
- Every trade ships a GST invoice and a net-realisation statement, with a per-trade audit pack and a full ledger export, CSV or Tally-ready.
- No haggling. The 60-second countdown is the negotiation, and Autopilot or Auto-Cover can run the rest inside your guard-rails.
Scrip sale is GST-exempt under HSN 4907. See how Scriphouse handles compliance and trust.
Asked, answered.
No. Listing is free, holding is free, and there is no subscription, no listing fee, and no minimum. A scrip sits in your ledger at no cost until you sell it.
Only when a trade settles. Nothing is billed for a quote, a listing, or an offer you let expire. Your first trade on each IEC is free, so the fee on it is zero, and so is the GST on that fee. After that, the standard fee is 0.40% of the value that settles plus 18% GST, taken from the proceeds of a settled trade.
On the fee only. The scrip sale itself is GST-exempt under HSN 4907, S. No. 137 of Notification 10/2025-Central Tax (Rate), so no GST attaches to the credit you sell. The 18% applies to the Scriphouse fee, and every trade ships a GST invoice plus a net-realisation statement showing price, ITC impact, fee, and take-home.
Your first cover on each IEC carries no spread: you pay the seller's price, with nothing added. After that, when you cover a Bill of Entry you pay a little above the seller's firm bid. In the worked example the seller's bid is 98.45% and you pay 98.70%, a spread of 0.25%. Your ask is always capped at face, so you never pay above 100%. A bundle costs less than the cash duty it settles, and the difference is shown before you approve.
No. There is no standard rate for a scrip, so we do not publish one. What you see instead is one firm number, priced for that specific scrip at the moment you ask and held firm for sixty seconds. Two identical scrips can price differently on two days.
No. It is how the market prices a scrip, not a charge Scriphouse takes. A credit with room left to be applied is worth more to a buyer than one close to lapse, so the adjustment moves down as expiry nears and a scrip comfortably clear of expiry earns full value. The direction and the reason are printed on every offer.
You see no offer, rather than a poor one. If no number works for both you and a buyer, nothing is quoted, the scrip stays in your ledger, and you can ask again another day. A quote you would regret accepting is worse than a screen that says not today.
Talk to a human.
A question about a quote, a settlement, or the API: write to us and a real person replies, usually within a day.
- Exporters: offers, payouts, Autopilot guard-rails.
- Importers and brokers: duty cover, the desk, API access and sandbox keys.
- Anything else: we read everything that arrives.
Prefer email? amin@scriphouse.com