WHN NEW MEIS LICENCE WILL START ON SHIPPING BILL DATE AFTER 01.04.20???

[AkashDeep Singh]

SIR,

Now MEIS Licence are issued upto 31.03.2020 shipping bill by DGFT.

No New MEIS Licence are issue on Shipping bill date after 01.04.2020 by DGFT.

Please tell when New MEIS Licence will start on Shipping bill date after 01.04.2020???

AKASH

98149-18063

[YAGAY andSUN]

New Scheme RoDTEP had been notified and Government had asked exporter to submit the specific information in R-1, R-2 and R-3 formats along with detailed workings and a certificate from a CA/CWA.

[AkashDeep Singh]

Sir,

New Scheme RoDTEP will start after 01.01.2021 .

but we want know MEIS on Shipping Bill period 01.04.2020 to 31.08.2020

When will start????

Akash

9915011989

[YAGAY andSUN]

Vide O­ce Memorandum dated July 27, 2020, the Ministry of Commerce (MoC) has informed that the Ministry of Finance has conveyed to the MoC that it may not be feasible to exceed MEIS allocation beyond INR 9,000 crores for F.Y. 2020-21 (up to December 2020). The aforementioned notification has allocated INR 5000 crores for the period September 2020 to December 2020. Hence, whether MEIS allocation for the period April 2020 to August 2020 is also restricted to 4000 crores? Whether there would be any cap on availment for the said period? Currently, the DGFT has not notified any upper cap / ceiling on MEIS benefits that can be availed for theexports made prior to September 01, 2020.

[AkashDeep Singh]

Sir,

very very thank for information.

please inform when start MEIS.

Regards

Akash

[YAGAY andSUN]

No notification was issued by the appropriate Government in this regard. But in our view due to international pressure and cases filed in WTO by USA, Japan and other countries against the Export Subsidy as given by Indian Government to Indian Exporters under Chapter 3 of the FTP, the Indian Government may not issue any such notification for the period April to September 2020 as the Government had already allocated 4000 crore for MEIS.

[YAGAY andSUN]

https://www.thehindubusinessline.com/economy/panel-to-fix-rates-for-three-sectors-first/article32894881.ece

[AkashDeep Singh]

Sir,

Thaks for information,

please update when MEIS Start.

Regards

[YAGAY andSUN]

No information in this regard as yet. However, Government had created a pool of ₹ 9000/- crore for MEIS for the 20-21.

AI Summary

RoDTEP to Replace MEIS from January 2021; MEIS Budget Capped at INR 9,000 Crores for Fiscal Year 2020-21 A user inquired about the commencement of the new MEIS license for shipping bills dated after April 1, 2020. Respondents indicated that the RoDTEP scheme is set to begin after January 1, 2021, replacing MEIS. The Ministry of Commerce announced a budget cap of INR 9,000 crores for MEIS for the fiscal year 2020-21, with INR 5,000 crores allocated for September to December 2020. There is no current notification on MEIS for April to August 2020, likely due to international pressure and WTO cases against India's export subsidies. Further updates are awaited.