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Merchandise Exports From India Scheme (MEIS)

SIMRAN EXIM is a prominent EXPORT INCENTIVE CONSULTANT, offering effective consultancy in MERCHANDISE EXPORTS FROM INDIA SCHEME matters related to import and export. We are a name to reckon with in the domain and offer our services in the legally appropriate manner. In addition, we hold a vast experience in the field and ensure complete customer satisfaction to the clients.<br>http://dgftconsultancy.com/

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Merchandise Exports From India Scheme (MEIS)

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  1. Merchandise Export From India Scheme(MEIS)

  2. OBJECTIVE Objective of merchandise exports from India scheme (MEIS) is to offset infrastructural inefficiencies and associated costs involved in export of goods/products, which are produced /manufactured in India, especially those having high export intensity, employment potential and thereby enhancing India's export competitiveness.

  3. MERCHANDISE EXPORTS FROM INDIA SCHEME SIMRAN EXIM is a prominent EXPORT INCENTIVE CONSULTANT, offering effective consultancy in MERCHANDISE EXPORTS FROM INDIA SCHEME matters related to import and export. We are a name to reckon with in the domain and offer our services in the legally appropriate manner. In addition, we hold a vast experience in the field and ensure complete customer satisfaction to the clients. The detail of licenses in which we deal, are as follows

  4. ENTITLEMENT UNDER MEIS • Exports of notified goods/products with ITC[HS] code, to notified markets as listed in appendix 3B least being 2% of F.O.B., Shall be rewarded under MEIS. Appendix 3B also lists the rate(s) of rewards on various notified products [ITC (HS) code wise].The basis of calculation of reward would be on realized FOB value of exports in free foreign exchange, or on FOB value of exports as given in the shipping bills in free foreign exchange, whichever is less, unless otherwise specified.Wherever the reward under MEIS is available to all countries, proof of landing shall not be required to be submitted for claiming the reward.

  5. UTILIZATION OF THE SCRIPS Duty credit scrips shall be granted as rewards under MEIS. The duty credit scrips and goods imported / domestically procured against them shall be freely transferable.

  6. THE DUTY CREDIT SCRIPS CAN BE USED FOR • (I) payment of customs duties for import of inputs or goods, including capital goods, as per DOR notification, except items listed in appendix 3A.(II) payment of excise duties on domestic procurement of inputs or goods, including capital goods as per dor notification.(III) payment of service tax on procurement of services as per dor notification.(Iv) payment of customs duty and fee as per paragraph 3.18 of this policy.

  7. MEIS INELIGIBLE CATEGORIES The following exports categories /sectors shall be ineligible for duty credit scrip entitlement under MEIS- (i) eous / ehtps / btps/ stp’s who are availing direct tax benefits / exemption.(Ii) supplies made from DTA units to SEZ units(iii) export of imported goods covered under paragraph 2.46 of FTP(iv) exports through trans-shipment, meaning thereby exports that are originating in third country but transshipped through india(v) deemed exports(vi) EOU/EHTP/BPT/FTWZ products exported through DTA units(vii) items, which are restricted for export under schedule-2 of export policy in ITC (HS), unless specifically notified in appendix 3B.(Viii) service export.(Ix) red sanders and beach sand.(X) export products which are subject to minimum export price or export duty.(Xi) diamond gold, silver, platinum, other precious metal in any form including plain and studded jewellery and other precious and semi-precious stones.

  8. (Xii) ores and concentrates of all types and in all formations.(Xiii) cereals of all types.(Xiv) sugar of all types and all forms, unless specifically notified in appendix 3B.(Xv) crude / petroleum oil and crude / primary and base products of all types and all formulations.(Xvi) export of milk and milk products, unless specifically notified in appendix 3B.(Xvii) export of meat and meat products, unless specifically notified in appendix 3B.(Xviii) products wherein precious metal/diamond are used or articles which are studded with precious stones.(Xix) exports made by units in FTWZ.(Xx) items, which are prohibited for export under schedule-2 of export policy in ITC (HS).

  9. INTENT DECLARATION REQUIREMENT Declaration of intent on all shipping bills is compulsory for claiming the rewards under MEIS.The following declaration is compulsory: “we intend to claim rewards under merchandise exports from india scheme (MEIS)”. W.E.F. 01/06/2015 declaration in all shipping bills whether under any scheme or chapter 4 (including draw back), chapter 5 or chapter 6 will be compulsory even if free shipping bills. The declaration of intent is compulsory from 01/04/2015 for “free” shipping bills.

  10. Contact Us  Simran exim pvt ltd    # E-96, Ground Floor, Lajpat Nagar, Part-1, New Delhi-110024, India Contact: +91-11-29818422    Mobile: +91-9811088422  Email:    ramayan555@gmail.com  simraneximpvtltd@yahoo.com   Contact person: * Mr. Ajay chopra – CEO & president [call: 9811088422]    * Mr. Suresh kr. –  Accounts manager [call: 7533071693]

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