Scheme meis and services exports from india scheme seis. Merchandise exports from india scheme meis additions. Now, all the above 5 schemes have been merged into one scheme and it is introduced as merchandise exports from india scheme meis. The government of india has been taking various steps towards boosting its trade with the rest of the world by adopting policies and procedures which would help to increase and facilitate both exports and imports with the other countries of the world, so the department of commerce, government of india has developed this web portal. Merchandise exports from india scheme mies 20152020. This new scheme replaces the 5 similar incentive schemes earlier under foreign trade policy2019 and rationalises the incentives under these schemes. Rebate of state and central taxes and levies rosctl against the current ongoing incentive scheme meis. Duty credit scrips shall be granted as rewards under meis.
Import export data, export import shipment data from customs. Who are eligible for seis, services exports from india scheme. Meis merchandise exports from india scheme benefit upto 7% of export value under foreign trade policy government has introduced new export incentive schemes under merchandise export from india schemes to promote the export of goods and services. Merchandise exports from india schememeis directorate. Withdrawal of meis for items in the apparel and madeups sector chapter 61, 62 and 63 of itc hs 2017 from 07. As per the recent news from the sources, the government will introduce the new rebate scheme i. Extension up to one year can be granted by development commissioner for valid reason in writing if. All about meis merchandise exports from india schemefull. This scheme provides an additional 2% incentive over the older version. It was introduced under the foreign trade policy of india ftp 201520. Please assist the nacen, kanpur in improving the same by writing to us.
Create meis application from top menu panel, select file create. Five schemes from chapter 3 of ftp namely focus product scheme, market linked focus product scheme, focus market scheme, visheshkrishi and gram udyogyojana scheme vkguy, agri. Merchandise export incentive scheme and seis scheme are introduced. Meis scheme under foreign trade policy of india 20152020.
Full form and scheme pdf are also been provided in this article. The merchandise exports from india scheme meis was introduced in the foreign trade policy ftp 201520 on april 1, 2015 and is a major export promotion scheme implemented by the ministry of commerce and industry. In this article all the information about meis scheme 2020 pdf details are been provided. Merchandise exports from india scheme meis consultant. Merchandise exports from india scheme meis additionsamendments table2 containing itc hs code wise list of products with reward rates of appendix3breg. Infrastructure incentive scrip are merged into a single scheme namely merchandise exports from india scheme meis. The objectives of the merchandise exports from india scheme meis are also aligned to the make in india scheme launched by the government of india. Merchandise exports from india scheme meis taxguru. Worried about falling exports, the centre is considering the option of extending the popular merchandise export incentive scheme meis for exporters till the end of the ongoing fiscal and. The meis scheme offers export incentives between 2% and 5%. Thus keep reading this article carefully till the end to know all about the scheme. Appendix 3b meis schedule table 1list of countries under country group a, country group b and country group c icountry group a 1 austria, 2 belgium, 3 bulgaria, 4 canada, 5 croatia, 6 cyprus, 7 czech. The intend of this incentive scheme to motivate to produce competitive products under make in india to the global market. How to apply for meis scheme, merchandise exports from india.
Amendmentcorrection in the appendix 3b, table 2 of the merchandise exports from india scheme meis. Update freight, insurance and commission values, if any, in ebrc. Who are eligible for seis, service exports from india scheme. In the foreign trade policy 201520, under export from india schemes, there are two schemes for exports of merchandise and services viz i merchandise exports from india scheme meis.
For incentives to exporters of goods, refer this article incentives to exporters of goods under the meis scheme. Service exports from india scheme seis under the seis scheme, the govt will give incentives in the range of 3% to 5% to all service providers who are providing services from india to. In case of shipments from non edi ports, the duty credit scrip including splits under meis shall be issued with a single port of registration which shall be the port of export. This is to be done prior to allowing usage of duty credit. Foreign trade policy 1 st april, 2015 31 st march, 2020 government of india ministry of commerce and industry department of commerce. Meis meis scheme merchandise exports from india scheme.
The duty credit scrips and goods imported domestically procured against them shall be freely transferable. List of eligible exporters for seis, services exports from india scheme how to utilize duty scrip issued under meis and seis. The objective of this scheme is to promote the manufacture and export of notified goodsproducts. Seis scheme 5% incentives by govt to service exporters. These schemes aim to transform india into a global hub for manufacture of goods for both exports as well as domestic consumption. Printing ink, writing or drawing ink and other inks, whether or not. Meis, merchandise exports from india scheme under ftp 201520. Dgft accedes to the major demands of epch under meis dgft. Services exports from india scheme seis schedule under appendix 3d as annexure to the public notice no. Export promotion schemes available for textile sector firms in india a merchandize exports from india meis scheme launched in april 2015, the meis provides duty reward to eligible textile and apparel categories to an extent of 25% of fob value in the countries categorized as per the criteria prescribed under the scheme.
Appendix 3bmeis schedule table 2 export of all formulations. Exports inventives in india meis seis epcg advance. Latest current affairs and news current affairs today. Meis procedure foreign trade handbook of procedures 20152020 for merchandise exports from india scheme meis 3. United states response at the hearing and in writing. Directorate general of foreign trade dgft organisation.
Meis benefits are also explained in this article below. Name of the scheme merchandise exports from india scheme meis about the scheme merchandise exports from india scheme is a part of chapter 3 exports from india schemes of ftp, 201520, under which rewards to exporters to offset infrastructural inefficiencies and associated costs are given. Earlier in ftp 200914, o there were 5 different export promotion schemes for promoting exports of goods, which is now merged into merchandise exports from india scheme meis o served from india scheme is replaced with service exports from india scheme. In recent years the government is aiming to increase the margin of export under the new fiveyear foreign trade policy by providing incentives to the exporters of goods and services.
This will come into existence bcs of the united states appeal into the world trade organization. The current scheme is slight degradation of the earlier duty drawback scheme. Export of more than 4000 items are eligible to get benefit under meis. Schemes directorate general of foreign trade ministry. Five existing schemes to promote goods exports merged into a single merchandise exports from india scheme meis incentives in form of duty scrips as a per cent of realized fob value of exports. Appendix 3b meis schedule table 2 itc hs code wise list of products with reward rates under merchandise exports from india scheme meis. Such goods can be exported in manual mode through foreign post offices. Meis will be replaced with a new scheme rosctl export. Centre may retain export scheme meis till march 2020 the. Two schemes were launched under the policy namely meis and seis. Meis is one of the exports from india scheme launched by dgft in chapter 3. Country groups falls under meis scheme under foreign trade policy 201520. The unhappiness was on account of three counts as detailed.
The main features of meis, including details of various groups of products supported under meis. Public notices directorate general of foreign trade. Merchandise exports from india scheme mies 20152020 entitlement. Exports from india schemes the merchandise export from india scheme meis scheme is a newly launchedscheme as a part of the new foreign trade policy and is applicable from 2015 to 2020. The merchandise export from india scheme meis scheme is a newly launched scheme launched as a part of the new foreign trade policy and is applicable from 2015 to 2020. Director general foreign trade dgft vide public notice no. Stepbystep instructions are available on above link 4.