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of <h1>Customs Manual 2025 Details MEIS and SEIS Incentive Schemes Under FTP 2015-20; Highlights Duty Credit Scrips Usage</h1> The Customs Manual 2025 outlines the Reward/Incentive Schemes under the Foreign Trade Policy (FTP) 2015-20, focusing on the Merchandise Exports from India Scheme (MEIS) and Service Exports from India Scheme (SEIS). MEIS rewards exports of specified goods, while SEIS incentivizes services with a minimum net foreign exchange earnings. Duty credit scrips issued under these schemes are transferable and can be used for paying Basic Customs Duty, except for items listed in Appendix 3A. Verification of duty credit scrips involves checking the genuineness of shipping bills, with electronic submissions requiring less scrutiny unless misuse is suspected.
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