Sir,
Our MEIS claim near to CAP of ₹ 2 crore on 01.09.2020 to 13.12.2020.
but NOTIFICATION No: 30/2015-2020 New Delhi, the 1st September, 2020
say maximum MEIS can Claim 2 Croor from 01.09.2020 to 31.12.2020
Please suggest regarding Sale from 14.12.2020 to 31.12.2020.
we donot stop sale only for MEIS and also want to take the benefit of Incentive(MEIS)
please suggest
(Notification Attached)
NOTIFICATION No: 30/2015-2020 New Delhi, the 1st September, 2020
Clarification on MEIS Cap: 2 Crore Limit Applies to Issuance, Not Sales, for Exports from Sep-Dec 2020 A participant inquired about the Merchandise Exports from India Scheme (MEIS) cap of 2 crore for exports made between September 1, 2020, and December 31, 2020, as per Notification No: 30/2015-2020. They sought advice on sales from December 14 to December 31, 2020, expressing a desire to continue sales without losing MEIS benefits. A respondent clarified that the 2 crore limit applies to the issuance of MEIS, not to the sale of MEIS, indicating that sales could continue without the cap affecting them. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
