TaxTMI 
TaxTMI 
Dear Sir,
Request you to please advise in short on Merchandise Exports from India Scheme (MEIS), and how it is beneficial. Thanks & Regards.
Advise in short on Merchandise Exports from India Scheme (MEIS),
15 Jun 2016 
2 Replies 
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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. (AI Summary)
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. (AI Summary)