Claim of MEIS benefits for exports made to countries in the OFAC List such as Iran and for Vostro payments

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..... Trade Notice No. 15/2015-2020 Dated: 16th May 2019 To, Members of Trade and Industry All Regional Authorities (RAs) of DGFT EPCs/FIEO Subject: Claim of MEIS benefits for exports made to countries in the OFAC List such as Iran and for Vostro payments Vide Public Notice 8/2015-20 dated 14.05.2 .....

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..... nder the Vostro mechanism, a letter from the concerned bank is required to be submitted to the RA confirming that the payment for the particular shipment has been received through Vostro Mechanism in freely convertible currency. 3. In the MEIS Online E- Corn module 3A. For OFAC Shipments: The exporters are required to submit all such shipments in 1 applica .....

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..... al applications would not be auto processed by the system and will require due scrutiny by the RAs before MEIS scrips are approved/issued. However, in line with Trade Notice no 3 dated 3rd April 2019 , no physical/paper copy of the MEIS scrips will be issued for EDI ports. For all such applications, the RAs can change the FIRC details after due scrutiny of the physical copy of the F .....

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..... 4. Any difficulties, faced by the exporters while applying under the new procedure, as above, may please be brought to the notice of this Directorate. 5. This is issued with the approval of the competent authority. Dr Praveen Kumar (Deputy Director General of Foreign Trade) [Issued from File No. 01/61/180/84/AM19/PC-3] - Circul .....

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