The Merchandise Exports from India Scheme (MEIS Scheme) is an export incentive scheme introduced under the Foreign Trade Policy 2015-20, which came into effect from 01.04.2015 and will be valid until December 2020. MEIS Scheme was introduced with an objective to promote the export of goods from India by providing incentives in the range of 2-7% of the FOB value of exports for notified/specific products. By providing these incentives, MEIS Scheme aims to make Indian goods competitive in the global markets by offsetting infrastructural inefficiencies and associated costs involved in exports from India. The emphasis is given mainly on the products which have higher export intensity, has an excellent capability to generate employment in the country and enhance the competitiveness of Indian goods in the global market. The MEIS Scheme Provides incentive in the form of a Duty credit scrip or MEIS License which can be used in payment of import duties or can be sold in the open market for a premium rate.
The following is the eligibility criteria for MEIS Scheme:
1 All the Exporters from India, be it a merchant exporter (trader) or a manufacturer exporter who are exporting the products that are notified in the Appendix 3B – MEIS Schedule are eligible to claim incentives under the MEIS Scheme.
2 Eligibility depends only on the product exported, and not on the country of export, since as per latest circulars, MEIS Scheme is eligible for all countries.
3 SEZ Units & EOU Units are also eligible to claim benefits under the MEIS Scheme.
4 There is no minimum turnover criteria to claim MEIS.
5 Goods exported through e-commerce platforms via courier are also eligible.
6 Country of origin of the exported products should be India, re-exported products are not eligible.
7 Only those Shipping Bills are eligible for MEIS Scheme in which there is a “Declaration of Intent” & Scheme reward option is ticked as “YES”.
INTERER CONGUELIT NON
They are very fast in getting work done. They resolved each and every query of ours. We were not aware of the export incentive they approached us and helped us to claim the incentives.
Our IGST refunds were pending due to some errors Dwarkadhish approached us and helped getting refund as soon as possible. Even We have not met in personal they are doing all our GST work.
Mr. Sai Kiran approached us and told about the incentive benefits we were not aware of and they tried to claim that as soon as possible.
IMPORTANT NOTICE FOR YOU