Goods and Services Tax : Duty Credit Scrips are goods as held by many Courts and the supply of the same liable to GST. Duty Credit Scrips covered under HSN...
Income Tax : Waiver of interest u/s 234B and 234C of Income Tax Act on delay in deposit of advance tax/self-assessment (SA) tax on MEIS/RODTEP ...
CA, CS, CMA : As we all are aware that online E Com portal for filing of MEIS, SEIS, ROSL and ROSCTL scheme was not working for a long which was...
Goods and Services Tax : Though the exporters were opting the RoDTEP Scheme, they had no idea about the rates to be notified under the scheme. However, the...
DGFT : In a major move aimed at boosting exports and offering relief to exporters, the government on 17th August 2021 notified Remiss...
DGFT : Government has released Rs 56,027 crore in order to clear pending export incentive dues to exporters, which is for various Schemes...
DGFT : Many of us are awaiting for DGFT online portal to start with online application filing of MEIS, SEIS and RoSL / RoSCTL for the exp...
DGFT : This report contains significant results of the performance audit on Merchandise Exports from India Scheme (MEIS) and Service Expo...
Corporate Law : The Government has restricted import of pulses like tur, moong and urad since August, 2017 with annual Quota Restriction of 5 lakh...
Custom Duty : Under section 14 of the Customs Act, 1962, Central Board of Indirect Taxes and Customs (CBIC) notifies the rate of exchange for th...
Custom Duty : CESTAT Mumbai ruled that Education Cess and Secondary & Higher Education Cess paid through MEIS duty credit scrips for past import...
Income Tax : The Tribunal held that weighted deduction under Section 35(2AB) cannot exceed the amount certified by DSIR after the 2016 amendmen...
Corporate Law : Supreme Court held that once exports are genuine and fall within the notified category, inadvertent mistakes of procedure cannot b...
Custom Duty : Conversion of MEIS shipping bills to the DEPB scheme was permissible where bills not ‘free shipping bills as the scale of examin...
DGFT : Madras High Court held that the Merchandise Exports Incentive Scheme (MEIS) scrip can be cancelled even if the scrips are availed ...
Custom Duty : This Advisory is being issued to handle the post EGM amendment of shipping bill cases of MEIS scheme (since discontinued from Janu...
DGFT : MEIS and SEIS scheme have now been discontinued w.e.f. 01.01.2021 and 01.04.2020 respectively, and are on the verge of final closu...
DGFT : Extension of MEIS / Ad-hoc Incentive Scheme / ROSCTL / ROSL The last date for submitting applications under MEIS (for exports made...
DGFT : The last date of submitting applications under MEIS, SEIS, ROSCTL, ROSL and 2% additional ad hoc incentive (under para 3.25 of FTP...
DGFT : The last date of submitting applications under MEIS, SEIS, ROSCTL, ROSL and 2% additional ad hoc incentive (under para 3.25 of FTP...
The MEIS benefit for certain items have been enhanced to 20%, from the current 10%, for exports made from the date of publication of this Public Notice to 12.01.2019 vide Public Notice 41/2015-2020 Dated 27th September, 2018
EPCG, an export promotion scheme launched by DGFT in its Foreign Trade Policy 2015-20 promotes import of capital goods to enhance India’s manufacturing competitiveness. This article is an effort to a give a brief insight into the scheme.
Amendment to Customs Exemption Notifications No. 24/2015-Customs dated 08.04.2015 to align it with amendment in Foreign Trade Policy vide Notification No. 63/2018-Customs Dated 18th September, 2018
This article contains description of Merchandise Exports from India Scheme (MEIS), one of the export scheme launched by DGFT in its Foreign Trade Policy 2015-20.
DGFT would start the process of system driven approval of the MEIS claim Applications from 13.09.2018 in respect of exports made through EDI shipping bills. The procedure for exporters/ MEIS applicants and the RAs are being outlined below for information and awareness. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General […]
The HS Code 63029100 has been made eligible for MEIS for the period 01.04.2015 to 30.09.2015 with the same eligibility conditions, without late cut, as was applicable for HS Code 63029190 (MEIS sl no. 2762 in the Public Notice 02/2015-20 dated 01.04.2015) in the said period.
The MEIS rates for certain items has been enhanced for exports made on or after 01.11.2017 and the rate for one HS Code 62142010 which was at 5% before Public Notice 42/2015-20 dated 24.11.2017 and was incorrectly notified as being increased from 2 to 4%, has been re-notified to 5%.
(To be published in the gazette of India extraordinary part-1 section-1) Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Public Notice No. 24/2015-2020 New Delhi, dated: 26th July, 2018 Subject: Removal of all items from the Appendix 3A of the Handbook of Procedures, 2015-20. F. No. 01/61/180/32/AM19/PC-3.:- In […]
The value limit for exports through Courier service/ Post has been placed at Rs 5,00,000 and the eligibility criteria for entitlement under MEIS for courier/ post exports have been increased to Rs 5,00,000 per consignment from the earlier Rs 25,000 per consignment. The limitation on the port of exports for courier exports for the purpose of incentivisation under MEIS has been done away.
The MEIS benefit for certain items have been enhanced for a certain period and some new items have been included in the MEIS Schedule, Appendix 3B.
