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of <h1>Courier Imports & Exports Regulations 2018 Amendments Raise Value Limit for MEIS Goods to Rs. 5 Lakh.</h1> The Courier Imports and Exports (Clearance) Amendment Regulations, 2018, issued by the Central Board of Indirect Taxes and Customs, amend the 1998 regulations. Effective from their publication date, the amendments modify sub-clauses of regulation 2 and regulation 6. Specifically, the amendments increase the value limit from twenty-five thousand rupees to five lakh rupees for certain goods under the Merchandise Exports from India Scheme (MEIS) and transactions involving foreign exchange. These changes affect goods listed in Appendix 3C of the Foreign Trade Policy (2015-2020).
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