Introduction of new Para 3.24 in the chapter 3 of the Handbook of Procedures, 2015-20
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No Incentive Certificate under MEIS requires refund, surrender, or undertaking before issuance and NIC blocking of shipping bills.
Addition of para 3.24 prescribes the procedure for issuing a No Incentive Certificate under the MEIS. Applicants must submit ANF 3E to the Regional Authority. If MEIS was utilised, the exporter must refund the proportionate benefit with applicable interest and provide proof; if a scrip was issued but unutilised, the exporter must surrender the scrip and the RA will request NIC to block the shipping bill; if MEIS was not applied or no scrip issued, the RA will issue the certificate on the applicant's undertaking and request NIC blocking.