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Merchant Exporter Claim for MEIS and Advance License

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..... Merchant Exporter Claim for MEIS and Advance License
Query (Issue) Started By: - Anil Kumar Dated:- 20-12-2016 Last Reply Date:- 22-12-2016 Customs - Exim - SEZ
Got 2 Replies
Customs
Dear Sir, We X are merchant exporter of Pharmaceutical products, our supplier Y claims the exports benefits against Advance license as per our agreement and the shipping bill is filed under MEIS Scheme a .....

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..... nd Advance License scheme. Can we X claim the MEIS benefits as a merchant exporter and our supplier Y is claiming the Advance license? My main doubt is, whether a single shipment can be claimed two export benefits? Thank you Aneel Kumar M Reply By Suryanarayana Sathineni: The Reply: Dear Friend, You are right, any benefit/s on a particular set of document( Shipping Bill) can be claimed by o .....

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..... ne parson and not by two. Since, the Shipping Documents/Shipping Bill contains the names of manufacturer and the Ultimate exporter ( who raises the commercial invoice and receive the foreign exchange can claim the benefit on a disclaimer from the manufacturer). Hence you may try for the disclaimer certificate as an alternative. Best Regards Suryanarayana S Reply By MUKUND THAKKAR: The Reply: .....

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..... My main doubt is, whether a single shipment can be claimed two export benefits? Yes, if your exporter is claiming advnce authorisation for export which is vaild, because he has exporting goods against procurement of imported inputs, this benifit is pertaining to qty and value wise. if he has received realization in indian rupees he will showing export thru third party. MEIS which is incentive g .....

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..... iven by MOC for exporting goods. in such case you are eligalbe to take the advantage of MEIS incentive.
Discussion Forum - Knowledge Sharing .....

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