Procedure for payment of MEIS benefits for obtaining No Incentive Certificate from DGFT

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....2019 PUBLIC NOTICE No. 07/2019 Subject: Procedure for payment of MEIS benefits for obtaining No Incentive Certificate from DGFT. The Trade has represented that the existing procedure of depositing amount of MEIS benefits is cumbersome and causes delay. 2. MEIS benefits are required to be deposited in terms of para 3.24 (b)(i) of the Handbook of Procedures Volume-I (HoPV1) for obtaining....

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....requires to deposit the proportionate amount of MEIS benefits along with interest under section 28AA of the Customs Act, 1962. In case of first two situations, there is no need for depositing any amount with customs, however, the importers need to submit 'No Incentive Certificate' issued by the DGFT in support of their claim that no incentive have been claimed under Chapter 3 of FTP on the exporte....