MEIS ceiling imposed limiting per IEC rewards for specified export period and eligibility narrowed; scheme benefits withdrawn thereafter. A ceiling on MEIS rewards restricts total benefit per IEC for exports with LEO dates from 01.09.2020 to 31.12.2020 to Rs. 2 Crore, subject to further downward revision to comply with the Government allocation. IECs with no LEO-dated exports during 01.09.2019-31.08.2020 and IECs issued on or after 01.09.2020 are ineligible to claim MEIS for exports made from 01.09.2020. MEIS benefits are withdrawn for exports made on or after 01.01.2021.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
MEIS ceiling imposed limiting per IEC rewards for specified export period and eligibility narrowed; scheme benefits withdrawn thereafter.
A ceiling on MEIS rewards restricts total benefit per IEC for exports with LEO dates from 01.09.2020 to 31.12.2020 to Rs. 2 Crore, subject to further downward revision to comply with the Government allocation. IECs with no LEO-dated exports during 01.09.2019-31.08.2020 and IECs issued on or after 01.09.2020 are ineligible to claim MEIS for exports made from 01.09.2020. MEIS benefits are withdrawn for exports made on or after 01.01.2021.
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