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DGFT - India lost the battle before the WTO panel (panel) when number of export incentive schemes that were (are) in vogue were called off as illegal per the SCM agreement. The mischief of MEIS, as pointed out by the panel, was that instead of providing countervailing rates for setting of the input taxes, the rates were […]...
Read MoreDGFT - Merchandise Exports from India Scheme (MEIS) is introduced in the Foreign Trade Policy of India 2015-20, as a part of the Exports from India Scheme. The Government of India has brought in the Merchandise Exports Incentive Scheme (MEIS), replacing five other similar incentive schemes present in the earlier Foreign Trade Policy 2009-14. The...
Read MoreDGFT - The big question now a days is whether the export incentives are going to be scrapped? India lost the case against United States of America (USA) in World Trade Organisation (WTO). USA alleged that India is violating the provisions of Subsidies and Countervailing Measurers Agreement (SCM) by giving export rewards to its exporters in form ...
Read MoreDGFT - Export from Indian Scheme There shall be following two schemes for Export respectively: 1. For Export of Merchandise – Merchandise Exports from India Scheme (MEIS). 2. For Export of Services – Service Exports from India Scheme (SEIS). Nature of Reward Duty Credit Scrips shall be granted as reward Scrips can be freely transferable Scri...
Read MoreDGFT - Wherein many clarifications raised by the stakeholders was clarified pertaining to the FTP Schemes such as MEIS & SEIS in the current Instruction issued. All the inputs received so far from DGFT are listed below in detail along with writer's view....
Read MoreDGFT - This report contains significant results of the performance audit on Merchandise Exports from India Scheme (MEIS) and Service Exports from India Scheme (SEIS), which was conducted to seek an assurance on the success of facilitation measures introduced for simplifying the process of issuance of scrips and to examine effective linkage of ru...
Read MoreDGFT - 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....
Read MoreDGFT - 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....
Read MoreDGFT - 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 ...
Read MoreDGFT - 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....
Read MoreF. No. 605/58/2015-DBK(PL-II) - (12/11/2020) - It is to inform that the Competent Authority has approved the allocation of an amount of Rs. 39,097 Crore for MEIS benefits for exports made during the FY 2019-20. Further, allocation totalling Rs. 15,555 Crore for MEIS benefits for exports made during the period 01.04.2020 to 31.12.2020 is convey...
Read MorePublic Notice No. 17/2015.2020-DGFT - (22/09/2020) - Certain amendments have been made in the MEIS schedule Table 2 of Appendix 313 to harmonize it with the Notification no. 38 dated 01.01.2020 and the changes in the Finance (No. 2/ Act. 2019. Fifth Schedule as notified by CHIC....
Read MoreTrade 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 ...
Read MorePublic 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 MorePublic 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...
Read MoreF. No. 605/58/2015-DBK(PL-II) - (12/11/2020) -
Public Notice No. 17/2015.2020-DGFT - (22/09/2020) -
