MEIS - claim under Vostro account in INR

[Guest]

SEZ development commissioner is refusing to give MEIS for exports made under vostro account in INR. A bank certificate also submitted stating that the amount received from Vostro account and the same is also endorsed on e-BRC.

AI Summary

Dispute Over SEZ Commissioner's Denial of MEIS for INR Exports; Experts Advise Checking FTP 2015-2020 Para 2.52 A participant raised an issue regarding the refusal of the SEZ Development Commissioner to grant MEIS for exports made under a Vostro account in INR, despite a bank certificate and e-BRC endorsement. Responses varied, with one suggesting consulting para 2.52 of the FTP 2015-2020 Mid Term Review, while another affirmed eligibility for MEIS. The participant sought a specific notification from DGFT confirming eligibility. Experts advised that FTP guidelines should be considered definitive, and suggested questioning customs/DGFT for any notification denying MEIS for payments realized in INR. No specific notification was identified.