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What is Merchandise Exports from India Scheme (MEIS) Scheme. A scheme designed to provide rewards to exporters to offset infrastructural inefficiencies and associated costs. The Duty Credit Scrips and goods imported/ domestically procured against them shall be freely transferable.
The MEIS was launched as an incentive scheme for the export of goods. The rewards are given by way of duty credit scrips to exporters. The MEIS is notified by the DGFT (Directorate General of Foreign Trade) and implemented by the Ministry of Commerce and Industry.
Feb 3, 2021 · MEIS is a duty scrip given as a reward by the government to an exporter of goods. The value of the scrips is ranging from 2% to 5% of the FOB value of goods exported. There are more than 4000 tariff lines which are eligible for MEIS DGFT .
Import License for Restricted Items, Steel Import Monitoring System (SIMS), Import License for Tariff Rate Quota (TRQ), Registration Certificates. Click to explore the services offered under the scheme.
Nov 29, 2023 · Explore MEIS license, a gateway to export benefits in India. Delve into duty credit scrips, flexibility, and how it bolsters competitiveness, reducing costs. New Delhi, World Trade Centre
Service Exports from India Scheme (SEIS) is for promoting services exports. Under the scheme notified services at appendix 3D of HBP (Handbook of procedures) are eligible for freely transferable duty credit scrips at 5% of net foreign exchange earned.
The Merchandise Exports from India Scheme (MEIS) is an export incentive scheme instigated with an objective to promote the export of goods from India. Under this scheme, exporters gain rewards to offset inefficiencies and associated costs.
