MEIS and SEIS - clarification required, FEMA

[SARAVANAN RENGACHARY]

Dear Expert,

1. Are EOUs allowed to avail MEIS benefit ?. Note: EOUs are availing tax benefits i.e. Custom Duty exemption as per notification 52/2003.

2. Can Scrips be used for the payment of BCD, SW Cess, IGST etc.,

Please clarify.

regards

saravanan.

Posts / Replies

[YAGAY and SUN]

Restricted List

•EOUs/EHTPs/BTPs/STPs availing Direct Tax benefits / exemption

•SEZ/EOU/EHTP/BTP/FTWZ products exported through DTA units

Scrips cannot be used for SW Cess and IGST Payments

[DR.MARIAPPAN GOVINDARAJAN]

I can't understand the second point Yagay & Son. Can you clear it?