TaxTMI 
TaxTMI 
MEIS - claim under Vostro account in INR
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....EIS - claim under Vostro account in INR<br> Query (Issue) Started By: - MILIND MUNGIKAR Dated:- 29-5-2018 Last Reply Date:- 31-5-2018 Other Topics<br>Got 6 Replies<br>Indian Laws<br>SEZ development commissioner is refusing to give MEIS for exports made under vostro account in INR. A bank certificate also submitted stating that the amount received from Vostro account and the same is also endorsed o....
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....n e-BRC. Reply By YAGAY and SUN: The Reply: Please check para 2.52 of the FTP 2015-2020 Mid Term Review in this connection. Reply By Kishan Barai: The Reply: Yes, you will get. Reply By MILIND MUNGIKAR: The Reply: We also know that we will get MEIS but the Development Commissioner is refusing.Is their any NOTIFICATION avaialble from DGFT which clarly states that MEIS is eligible if payment r....
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....eceived through Vostro account. Reply By YAGAY and SUN: The Reply: Sorry We could not find out any such Notification. However, you may approach to DGFT and represent your matter to him. Reply By Kishan Barai: The Reply: Kindly understand, words written on FTP should be considered as words written on stone. If FTP permits payment realization in INR via Vastro Account, no one can challenge / o....
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....bstruct incentives. Moreover we ask counter question that can any one provided nortification / circular stating that MEIS would not be given if payment realization in INR ?? Please try to understand that MILIND MUNGIKAR Ji & please ask counter question to customs / DGFT. Reply By KASTURI SETHI: The Reply: There is an iota of doubt after crystal clear replies by both experts. No requirement of ....
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....notification or circular in this context.<br> Discussion Forum - Knowledge Sharing ....