MEIS procedure for export

[Srivatsan Krishnamachari]

Dear Experts,

Please provide me the details of Merchandize exports from India Scheme. We are basically manufacturing unit, generally exports under LUT1 Under ARE1.

I wish to know, any special procedure in this scheme with reference to documentation and also wish to know draw back claim other relevant details.

Thanks for your support.

regards

Srinivas

AI Summary

Understanding MEIS and Drawbacks: Product, Destination, and Documentation Essentials for Export Benefits and Duty Scrips Use. A manufacturing unit inquired about the procedures for the Merchandise Exports from India Scheme (MEIS) and related drawbacks. An expert explained that MEIS benefits depend on the product and destination, requiring specific documentation and online applications through the DGFT site. Duty scrips issued can be used for purchasing dutiable goods or sold in the market. Drawbacks are HS code-specific, needing registration at the port and a bank account for online credit. Another contributor added that drawbacks are claimed from Customs, requiring proper documentation and bank verification. MEIS scrips are transferable and can be used for various duty payments.