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

[Guest]

Dear Sir,

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

[CSSANJAY MALHOTRA]

MEIS is the incentive issued in the form of Duty Credit Scrip (LICENCE) against export of products (Rate may be 2%,3% or 5% on FOB Value of Exported goods) as specified in the MEIS Table and to eligible countries. The said scrip is issued by the office of DGFT falling under your jurisdiction. Please refer to Chapter 3 in detail of foreign Trade policy 2015-20 as placed on DGFT website (www.dgft.gov.in)

MEIS scrip is freely transferable, can be sold in the market or use for payment of Import / Domestic Excise Duties.

[Ganeshan Kalyani]

Sir is this applicable to all the exporters or some condition is prsecribed. Thanks.

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.