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of <h1>New Procedure for MEIS Benefits: Exporters Must Mark 'Y' on EDI Shipping Bills to Claim Benefits Under DGFT Circular.</h1> The circular issued by the Directorate General of Foreign Trade amends the procedure for declaring intent to claim benefits under the Merchandise Exports from India Scheme (MEIS) in the Foreign Trade Policy 2015-20. For EDI-generated shipping bills, exporters must mark 'Y' in the 'Reward' column to declare their intent to claim MEIS benefits, with 'N' indicating no intent. This marking is mandatory for all export shipments under various schemes. For non-EDI shipping bills, a written declaration is required. This amendment simplifies the procedure, making the marking of 'Y' sufficient for EDI shipping bills.
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