https://www.taxtmi.com/acts?id=30925 Chapter 3 creates MEIS and SEIS which grant freely transferable Duty Credit Scrips as rewards to exporters to offset infrastructural inefficiencies. Scrips may be used to pay specified Basic and Additional Customs duties and central excise duties for permitted imports or domestic procurements, subject to exclusions and government-prescribed caps or restrictions. MEIS rewards are calculated on realised FOB value for notified goods to designated markets and excludes specified export categories. SEIS rewards notified service providers based on net foreign exchange earnings, with eligibility criteria, minimum earnings thresholds, and specified ineligible inflows. Common provisions address transitional application of prior rules, usage limits, verification, recovery of overclaims, and Status Holder recognition and privileges. en-us Wed, 06 Dec 2017 17:33:11 +0530 Fri, 11 Nov 2022 16:56:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=30925 Chapter 3 creates MEIS and SEIS which grant freely transferable Duty Credit Scrips as rewards to exporters to offset infrastructural inefficiencies. Scrips may be used to pay specified Basic and Additional Customs duties and central excise duties for permitted imports or domestic procurements, subject to exclusions and government-prescribed caps or restrictions. MEIS rewards are calculated on realised FOB value for notified goods to designated markets and excludes specified export categories. SEIS rewards notified service providers based on net foreign exchange earnings, with eligibility criteria, minimum earnings thresholds, and specified ineligible inflows. Common provisions address transitional application of prior rules, usage limits, verification, recovery of overclaims, and Status Holder recognition and privileges. Act-Rules DGFT Wed, 06 Dec 2017 17:33:11 +0530 https://www.taxtmi.com/acts?id=30925