ANY CLOSURE PROCEDURE REQUIRED FOR MEIS ?

[Guest]

DEAR EXPERTS,

WE HAVE MEIS. WE HAD IMPORTED MATERIAL THROUGHT MEIS.

KINDLY ADVISE ANY CLOSER PROCEDURE REQUIRED OR NOT.

ZULFIKAR B. VOHRA

[MUKUND THAKKAR]

once you utilised scrip need not any closer procedure is req. keep scrip along with the your import documents like Bill of Entry and other relevent import documents.

[Suryanarayana Sathineni]

Dear Friend,

Since the MEIS Scrip issued on post export basis, there is no such requirement of closure of the scrip. You can utilize the total amount till last rupee within the validity and once utilization is completed and after receiving the scrip from customs through your CHA, you need to keep them in a file for records and future reference.

Best Regards

Suryanarayana

[Guest]

THANK YOU SIR

[Kishan Barai]

Respected Suryanarayana Sir,

What is the validity of MEIS script ?

[Suryanarayana Sathineni]

Dear Sir,

If my remembrance goes correct it is 24 months.

Best Regards

Suryanarayana

[Kishan Barai]

Thanks a lot sir

[MUKUND THAKKAR]

validty of script is 18 months..

AI Summary

No Closure Procedure Needed After Using MEIS Scrip for Imports; Keep for Records. Validity: 18-24 Months. A user inquired about the closure procedure for the Merchandise Exports from India Scheme (MEIS) after utilizing the scrip for imports. Experts clarified that no closure procedure is required once the scrip is utilized. It should be kept with import documents for records. The validity of the MEIS scrip was discussed, with one expert stating it is valid for 24 months, while another mentioned 18 months. The conversation included expressions of gratitude and further inquiries about the validity period.