Provision for claiming additional benefits under MEIS for HS Codes for which rates were enhanced with a retrospective effect - DGFT - 23/2015-2020

Government of India Ministry of Commerce Industry Department of Commerce Directorate General of Foreign Trade Public Notice No. 23/2015-2020 New Delhi, dated 5 th August, 2019 Subject: Provision for claiming additional benefits under MEIS for HS Codes for which rates were enhanced with a retrospective effect. In exercise of powers conferred under paragraph 1.03 and 2.04 of the Foreign Trade Policy 2015-2020 , the Director General of Foreign Trade hereby makes the following amendments in Appendix 3B , Table 2 as notified vide Public Notice 02 dated 01.04.2015. 2. The para 9.03 is amended as below: Existing Para 9.03 (as amended vide Public notice 16 dated 28.06.2018 ) Amended Para 9.03 9.03 Supplementary Claims Wherever any application for supplementary claim is received, within specified time limits, such application may also be considered after imposing a cut @2% on the entitlement. However, no supplementary claims for scrips under chapter 3 of the FTP 2015-20 would be admissible 9.03 Supplementary Claims (i) Wherever any application for supplementary claim is received, within specified time limits, such application may also be considered after imposing a cut @2% on the entitlement. (ii) Supplementary claims would be admissible under MEIS, only for certain HS Codes, for which rates under MEIS have been enhanced with a retrospective effect based on guidelines issued in this regard. In such cases, the supplementary cut @2% as in 9.03 above shall not be applied. (iii) Supplementary claim under chapter 3 of the FTP 2015-20 for any other reason would not be admissible. Effect of Public Notice: A provision enabling issue of additional benefits under MEIS for HS Codes, for which enhanced rates under MEIS were notified with a retrospective effect, has been incorporated in the Handbook of Procedure, 2015-20. (Alok Vardhan Chaturvedi) Director of Foreign Trade Email: [email protected] (Issued from File No. 01/61/180/ 65/AM19/PC-3)