TaxTMI 
TaxTMI 
DEAR EXPERTS,
WE HAVE MEIS. WE HAD IMPORTED MATERIAL THROUGHT MEIS.
KINDLY ADVISE ANY CLOSER PROCEDURE REQUIRED OR NOT.
ZULFIKAR B. VOHRA
ANY CLOSURE PROCEDURE REQUIRED FOR MEIS ?
11 May 2016 
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MEIS scrip closure: no formal closure required; retain utilised scrip with import documents and observe validity period.
No formal closure process is required once a MEIS scrip is utilised; retain the scrip with import documents like Bills of Entry for records. The scrip, issued on a post export basis, may be used up to the end of its validity, but reported recollections differ on the precise validity period, so verify the applicable term in the governing regulations. (AI Summary)
No formal closure process is required once a MEIS scrip is utilised; retain the scrip with import documents like Bills of Entry for records. The scrip, issued on a post export basis, may be used up to the end of its validity, but reported recollections differ on the precise validity period, so verify the applicable term in the governing regulations. (AI Summary)