Advise in short on Merchandise Exports from India Scheme (MEIS),, Central Excise

[SANDESH SHINDE]

Dear Sir,

Request you to please advise in short on Merchandise Exports from India Scheme (MEIS), and how it is beneficial. Thanks & Regards.

Posts / Replies

[CS SANJAY MALHOTRA]

MEIS is the incentive issued in the form of Duty Credit Scrip (LICENCE) against export of products (Rate may be 2%,3% or 5% on FOB Value of Exported goods) as specified in the MEIS Table and to eligible countries. The said scrip is issued by the office of DGFT falling under your jurisdiction. Please refer to Chapter 3 in detail of foreign Trade policy 2015-20 as placed on DGFT website (www.dgft.gov.in)

MEIS scrip is freely transferable, can be sold in the market or use for payment of Import / Domestic Excise Duties.

[Ganeshan Kalyani]

Sir is this applicable to all the exporters or some condition is prsecribed. Thanks.