MEIS

Whats is MEIS? It’s utilisation etc.

DGFT - What is MEIS? MEIS stands for Merchandise Expors from India Scheme, Under MEIS scheme, rewards and incentives are given to exporters. Such incentives are given to exporters at a specified rate which differs from product to product and from country to country. The Objective of the MEIS Scheme To offset infrastructural inefficiencies and th...

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MEIS: Eligibility on Export From SEZ/EOU Unit on behalf of DTA Unit

DGFT - DGFT clarified that the export which are made/have been made directly from SEZ/EOU unit to Foreign Consumer on whose behalf of DTA unit wherein export documents are prepared and field at the customs office of the concerned SEZ/EOU unit, mentioning the name of SEZ/EOU unit along with the name of DTA unit on whose behalf export are made, wo...

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MEIS Benefit Available For Exports In Nepal And Bhutan

DGFT - It has been a much debated topic that whether export benefits are available for exports to Nepal/Bhutan where payments are realized in INR. We have tried to explain the situation as under with the legal aspects as involve: WITH REFERENCE TO FOREIGN TRADE POLICY (2015-20) Exports of notified goods/products with ITC[HS] code, to notified ma...

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Analysis of changes in CGST & IGST Acts applicable w.e.f. 01.02.2019

DGFT - We are summarising herewith section-wise tabular presentation of amended CGST Act, 2017and IGST Act, 2017 in comparison with pre-amendment Acts. This tabular also discusses the effect of these amendments along with suggestions as to further simplification of the GST Laws....

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DGFT & CBIC: The ugly face of corrupt practices –4th story

DGFT - The Udyog Bhawan & the North Block houses the elite policymakers & probably the best of the IAS & the IRS (because in any efficient system, the merit should rise to the top & be entrusted with policy making task) but then when you find the best in the country indulging into a con game […]...

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Exempting Pulses from Import

DGFT - The Government has restricted import of pulses like tur, moong and urad since August, 2017 with annual Quota Restriction of 5 lakh MT (2 lak MT for tur, 1.5 lakh MT each for urad and moong) in order to stabilise the prices and protect the interest of the farmers....

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CBIC to notify WON and TRY in list of currencies for exchange rate

DGFT - Under section 14 of the Customs Act, 1962, Central Board of Indirect Taxes and Customs (CBIC) notifies the rate of exchange for the purpose of conversion of foreign exchange to Indian Rupees and vice versa for assessment of imports & exports....

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Govt increases MEIS Rate by 2% for labour intensive MSME sectors

DGFT - While restoring the benefits under the export promotion schemes of duty free imports under Advanced Authorization, Export Promotion Capital Goods and 100% Export Oriented Units and thus resolving the problem of blocked working capital for exporters following the roll out of GST, the FTP review has focused on increasing the incentives for ...

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Highlights of Foreign Trade Policy 2015-2020- Mid Term Review (December 2017)

DGFT - GST RELATED REFORMS- GST has been launched w.e.f. 1.07.2017. It incorporates zero rating of exports. Taxes will not be exported. On the export of finished goods, there is an option of either obtaining refund of GST paid or getting exemption from payment of GST on submission of Letter of Undertaking/Bond....

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ASSOCHAM seeks relief for exporters on GST issues

DGFT - ASSOCHAM has suggested examining the impact of the Goods and Services Tax (GST) on exports and impressing upon the GST Council and the government to help exporters receive their tax refunds without any further delay, besides easing rules for the GST administration on exports to maintain the growth momentum. ...

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Mechanism to apply for additional claims under MEIS

Trade Notice No. 28/2019-2020-DGFT - (05/08/2019) - It may be noted that the Directorate has notified higher rates for certain HS Codes during the Mid Term Review of the Policy, for export made from 01.11.2017. This was done vide Public Notice 42 dated 24.11.2017, Public Notice 44 dated 05.12.2017, Public Notice 02 dated 01.05.2018 and Public Notice ...

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Provision for claiming additional benefits under MEIS

Public Notice No. 23/2015-2020-DGFT - (05/08/2019) - provision enabling issue of additional benefits under MEIS for HS Codes, for which enhanced rates under MEIS were notified with a retrospective effect, has been incorporated in the Handbook of Procedure, 2015-20....

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MEIS benefits for export of `Onions Fresh or Chilled’ made zero (0%)

Public Notice 09/2015-2020-DGFT - (11/06/2019) - The rate at which MEIS benefits for export of `Onions Fresh or Chilled’ under ITC (HS) code 07031010 is granted under the FTP has been made zero (0%) from the current 10% with immediate effect. Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan, New Del...

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Claim of MEIS benefits for exports made to countries in OFAC List

Trade Notice No. 15/2015-2020-DGFT - (16/05/2019) - Vide Public Notice 8/2015-20 dated 14.05.2019 a revised procedure for making online MEIS applications/claims has been notified for situations where exports have been made to countries listed in the OFAC list such as Iran or export realizations have been received through the Vostro mechanism....

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Three months time window for applying for MEIS for Shipping bills

Trade Notice No. 14/2015-2020-DGFT - (15/05/2019) - Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi Trade Notice No. 14/2015-2020 Dated: 15th May, 2019 To, Members of Trade and industry All Regional Authorities (RAs) of DGFT EPCs/FIE0 Subject: Three months time ...

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Recent Posts in "MEIS"

Whats is MEIS? It’s utilisation etc.

What is MEIS? MEIS stands for Merchandise Expors from India Scheme, Under MEIS scheme, rewards and incentives are given to exporters. Such incentives are given to exporters at a specified rate which differs from product to product and from country to country. The Objective of the MEIS Scheme To offset infrastructural inefficiencies and th...

Read More
Posted Under: DGFT |

Mechanism to apply for additional claims under MEIS

Trade Notice No. 28/2019-2020-DGFT (05/08/2019)

It may be noted that the Directorate has notified higher rates for certain HS Codes during the Mid Term Review of the Policy, for export made from 01.11.2017. This was done vide Public Notice 42 dated 24.11.2017, Public Notice 44 dated 05.12.2017, Public Notice 02 dated 01.05.2018 and Public Notice 28 dated 08.08.2018....

Read More

Provision for claiming additional benefits under MEIS

Public Notice No. 23/2015-2020-DGFT (05/08/2019)

provision enabling issue of additional benefits under MEIS for HS Codes, for which enhanced rates under MEIS were notified with a retrospective effect, has been incorporated in the Handbook of Procedure, 2015-20....

Read More

MEIS: Eligibility on Export From SEZ/EOU Unit on behalf of DTA Unit

DGFT clarified that the export which are made/have been made directly from SEZ/EOU unit to Foreign Consumer on whose behalf of DTA unit wherein export documents are prepared and field at the customs office of the concerned SEZ/EOU unit, mentioning the name of SEZ/EOU unit along with the name of DTA unit on whose behalf export are made, wo...

Read More
Posted Under: DGFT |

MEIS Benefit Available For Exports In Nepal And Bhutan

It has been a much debated topic that whether export benefits are available for exports to Nepal/Bhutan where payments are realized in INR. We have tried to explain the situation as under with the legal aspects as involve: WITH REFERENCE TO FOREIGN TRADE POLICY (2015-20) Exports of notified goods/products with ITC[HS] code, to notified ma...

Read More
Posted Under: DGFT |

MEIS benefits for export of `Onions Fresh or Chilled’ made zero (0%)

Public Notice 09/2015-2020-DGFT (11/06/2019)

The rate at which MEIS benefits for export of `Onions Fresh or Chilled’ under ITC (HS) code 07031010 is granted under the FTP has been made zero (0%) from the current 10% with immediate effect. Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan, New Delhi Public Notice 09/2015-2020-DGFT Dated...

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Claim of MEIS benefits for exports made to countries in OFAC List

Trade Notice No. 15/2015-2020-DGFT (16/05/2019)

Vide Public Notice 8/2015-20 dated 14.05.2019 a revised procedure for making online MEIS applications/claims has been notified for situations where exports have been made to countries listed in the OFAC list such as Iran or export realizations have been received through the Vostro mechanism....

Read More

Three months time window for applying for MEIS for Shipping bills

Trade Notice No. 14/2015-2020-DGFT (15/05/2019)

Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi Trade Notice No. 14/2015-2020 Dated: 15th May, 2019 To, Members of Trade and industry All Regional Authorities (RAs) of DGFT EPCs/FIE0 Subject: Three months time window for applying for MEIS for Shippin...

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How to claim MEIS benefits for exports in which e-BRC is not generated

Public Notice No. 08/2015-2020-DGFT (14/05/2019)

Procedure for claiming MEIS benefits for exports realized under Para 2.52 (b) of the FTP and for exports in which e-BRC is not generated by banks has been notified. Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan, New Delhi Public Notice No. 8/2015-20-DGFT Dated the 14th may, 2019 Subject: Amen...

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Phasing out of physical copies of MEIS/SEIS Duty Credit Scrips

Circular No. 11/2019-Customs (09/04/2019)

Circular No. 11/2019-Customs- Phasing out of physical copies of Merchandise Exports from India Scheme (MEIS)/Services Exports from India Scheme (SEIS) Duty Credit Scrips issued with EDI port as Port of registration...

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