What is MEIS:

To promote the manufacture and export FROM INDIA AND TO offset infrastructural

in efficiencies , costs of exporting products produced in India giving special

emphasis on those which are of India’s export interest and have the capability to

generate employment and enhance India’s competitiveness in the world market GOI provide MEIS scrips to merchandise Exporters on FOB Value of exports.

 

Merchandise Exports from India Scheme (MEIS) under Foreign Trade Policy of India

(FTP 2015-20) is one of the two schemes introduced in Foreign Trade Policy of

India 2015-20, as a part of Exports from India Scheme. (The other scheme is SEIS,

Service Exports from India Scheme).

The Government of India has brought in the Merchandise Exports Incentive Scheme

(MEIS), replacing five other similar incentive schemes present in the earlier Foreign

Trade Policy 2009-14. The schemes that have been replaced by the MEIS scheme

include:

 

• Focus Product Scheme (FPS)
• Focus Market Scheme (FMS)
• Market Linked Focus Product Scheme (MLFPS)
• Agri. Infrastructure incentive scheme
• Vishesh Krishi Gramin Upaj Yojna (VKGUY)

 

MEIS Use:

MEIS is transferable scrip and is used to pay BASIC CUSTOM DUTY (BCD).

GST:

THESE scrips are exempted under GST as they are equivalent to Money

Transferability:

• These are fully transferable scrips which involves
• ONLINE TRANSFERS (IEC HOLDER to IEC HOLDER)
• Transferability Letter duly attested by Bank
• Physical Transfer of MEIS (Custom Registered) Scrip.

We at KES help exporters ascertain their incentive Rates and apply there MEIS scrip.

We keep regular follow up with DGFT to get MEIS issuance in Minimum Time.We help Exporters to get Maximum Value of their MEIS scrips in case they Sale it.

 

IMPORTANT: IN RECENT ANNOUNCEMENT BY HON.FINANCE MINISTER Mrs.SITARAMAN MEIS/ SEIS MAY GET REPLACED BY WTO COMPLIANT INCENTIVE –  REFUND OF DUTY & TAXES OF EXPORT PRODUCT (RODTEP). DETAILS STILL TO BE ANNOUUNCED.

MEIS RATE SEARCH