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

[Asked by 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

Duty credit scrips enable exporters to receive transferable incentives usable against import and domestic excise duties.
Merchandise Exports from India Scheme (MEIS) issues Duty Credit Scrips under the Foreign Trade Policy 2015-20 at rates specified as percentages of FOB value for specified products and destination countries; scrips are freely transferable, may be sold, and can be used to pay import and domestic excise duties, with issuance and administration handled by the DGFT office in the exporter's jurisdiction.