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of <h1>India Exempts Certain Imports from Customs Duties Under MEIS; Applies to Goods with Duty Credit Scrip.</h1> The Government of India, under the Ministry of Finance, issued Notification No. 24/2015 on April 8, 2015, exempting certain imported goods from customs duties under the Merchandise Exports from India Scheme (MEIS) as per the Foreign Trade Policy 2015-2020. This exemption applies to goods imported with a duty credit scrip issued by the Regional Authority. Conditions include the issuance of duty credit against exports of specified goods, registration of the scrip with customs, and the ability to transfer the scrip freely. Certain export categories, such as those involving precious metals or restricted items, are ineligible for this exemption.
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