MEIS

All about Merchandise Exports from India Scheme (MEIS) for exporters

DGFT - REWARD SCHEMES – MERCHANDISE EXPORTS FROM INDIA SCHEME (MEIS) Article explains what is Reward Scheme, Objective of MEIS Scheme, Eligibility Criteria for MEIS Cheme, Reward under the MEIS scheme, Ineligible categories under MEIS, Entitlement under MEIS for Export of goods through courier or foreign post offices and Note to MEIS Scheme. V...

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Brief Note on Merchandise Exports From India Scheme (MEIS)

DGFT - Merchandise Exports from India Scheme is popularly known as MEIS Scheme. MEIS is a duty scrip given as a reward by the government to an exporter of goods. The value of the scrips is ranging from 2% to 5% of the FOB value of goods exported....

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RODTEP calculations – race against time for manufacturer-exporters

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 […]...

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Merchandise Exports from India Scheme (MEIS)- Filing Process

DGFT - 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 More

Remission of Duties and Taxes on Exported Products (RoDTEP)

DGFT - 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 ...

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Summary of Performance Audit on MEIS and SEIS

DGFT - 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...

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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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MEIS benefit cannot be denied for inadvertent mistake in Application

Portescap India Private Ltd. Vs Union of India (Bombay High Court) - The objective of the MEIS scheme is to provide rewards to exporters to offest infrastructural inefficiencies and associated costs. In other words, the objective of Merchandise Exports from India Scheme (MEIS) is to promote manufacture and export of notified goods / products to notified markets and o...

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Govt allocate funds for MEIS for FY 2019-20 & for 9 months of FY 2020-21

F. 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...

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Amendment in MEIS Schedule with effect fronm 01.01.2020

Public 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....

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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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Recent Posts in "MEIS"

All about Merchandise Exports from India Scheme (MEIS) for exporters

REWARD SCHEMES – MERCHANDISE EXPORTS FROM INDIA SCHEME (MEIS) Article explains what is Reward Scheme, Objective of MEIS Scheme, Eligibility Criteria for MEIS Cheme, Reward under the MEIS scheme, Ineligible categories under MEIS, Entitlement under MEIS for Export of goods through courier or foreign post offices and Note to MEIS Scheme. V...

Read More
Posted Under: DGFT |

MEIS benefit cannot be denied for inadvertent mistake in Application

Portescap India Private Ltd. Vs Union of India (Bombay High Court)

The objective of the MEIS scheme is to provide rewards to exporters to offest infrastructural inefficiencies and associated costs. In other words, the objective of Merchandise Exports from India Scheme (MEIS) is to promote manufacture and export of notified goods / products to notified markets and once this is done, such exporter is requi...

Read More

Brief Note on Merchandise Exports From India Scheme (MEIS)

Merchandise Exports from India Scheme is popularly known as MEIS Scheme. MEIS is a duty scrip given as a reward by the government to an exporter of goods. The value of the scrips is ranging from 2% to 5% of the FOB value of goods exported....

Read More
Posted Under: DGFT |

Govt allocate funds for MEIS for FY 2019-20 & for 9 months of FY 2020-21

F. 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 conveyed with the approval of the Competent Au...

Read More

Summary of Performance Audit on MEIS and SEIS

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 More
Posted Under: DGFT |

RODTEP calculations – race against time for manufacturer-exporters

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 More
Posted Under: DGFT |

Merchandise Exports from India Scheme (MEIS)- Filing Process

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 More
Posted Under: DGFT |

Amendment in MEIS Schedule with effect fronm 01.01.2020

Public 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 More

Remission of Duties and Taxes on Exported Products (RoDTEP)

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 More
Posted Under: DGFT |

Export from Indian Scheme

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...

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Posted Under: DGFT |

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