Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Spot the difference in MEIS

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Hi, have a look at FTP 2015 read 3.06 Ineligible categories under MEIS (xvi. Export of milk and milk products ) Have a look at latest MEIS appendix Appendix 3B-MEIS Schedule ( Ch. 04) HS: 04051000 Butter has got reward under group B Now whom we should believe FTP 2015 or MEIS appendix ? please enlighten. - Reply By surya narayana - The Reply = Dear Friend, You .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... may have to consider the Appendix since while issuing the amendment in the appendix, DGFT should have issued by way a Public Notice and in that an amendment to policy also might be made. Better cehck for the same Best Regards Suryanarayana - Reply By Kishan Barai - The Reply = Respected Suryanarayana Sir, First of all I would like to thank you that you replied my answer on Sunday . Truly .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Hats-Off your view point is 100% correct. I have checked in www.indiantradeportal.in by setting Japan (Group B country) for HS code: 04051000 in it 2% reward is given for group B same in MEIS appendix. There is small issue in www.indiantradeportal.in when I set the above example HS code for Japan was different, it has shown 040510110 040510121 040510129 04 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 0510210 040510221 040510229 But not 04051000 , so is 04051000 allowed in Japan ?? what we should write in invoice 04051000 or 040510110 or other ? - Reply By CS SANJAY MALHOTRA - The Reply = Dear Mr. Krishan, No difference needs to be spotted in Para 3.06 Appendix 3B of MEIS. Have a look at DGFT Notification No. 08/2015 dated 04.06. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 2016 , highlighted below phrase has been added to, which addresses to your concern. (xvi) Export of milk and milk products, unless specifically notified in Appendix 3B Also please note that even if the MEIS rate is defined in Appendix for a particular product, DGFT can issue Public Notice thus adding the product under ineligible categories in Para 3.06 and the same will prevail over .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Appendix. Further ITC code has to be read as per Indian Tariff Act and MEIS Appendix has been aligned to same. You may take up with DGFT Hqrs for correction of any ITC if the same is not in aligned. - Reply By Kishan Barai - The Reply = What a good spot of observation by CS SANJAY MALHOTRA Sir thanks a lot for answering my question on Sunday. (vii) Items, which are restricted .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... or prohibited for export under Schedule-2 of Export Policy in ITC (HS), unless specifically notified in Appendix 3B. - Reply By CS SANJAY MALHOTRA - The Reply = Welcome Mr Krishan, Please do read the notification date as 04.06.15 instead of year 16. Inadvertently mentioned. Hopefully your concern have been addressed. - Reply By Kishan Barai - The Reply = Yes Sir. Thank You - .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Spot the difference in MEIS - Query Started By: - Kishan Barai Dated:- 10-4-2016 Customs - Import - Export - Customs - SEZ - Got 6 Replies - Customs - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates