Advise in short on Merchandise Exports from India Scheme (MEIS),

[SANDESH SHINDE]

Dear Sir,

Request you to please advise in short on Merchandise Exports from India Scheme (MEIS), and how it is beneficial. Thanks & Regards.

AI Summary

Understanding the Merchandise Exports from India Scheme: Incentives, Duty Credit Scrips, and Exporter Eligibility in Chapter 3. The Merchandise Exports from India Scheme (MEIS) provides incentives in the form of Duty Credit Scrips, which are based on a percentage (2%, 3%, or 5%) of the Free on Board (FOB) value of exported goods. These scrips, issued by the Directorate General of Foreign Trade (DGFT), can be transferred, sold, or used to pay import and domestic excise duties. The scheme applies to specified products and eligible countries as outlined in the MEIS Table. Further details can be found in Chapter 3 of the Foreign Trade Policy 2015-20. A query was raised about the applicability conditions for exporters.