Merchandise Export from India Scheme: Difference between revisions
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== Eligibility == |
== Eligibility == |
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To be eligible for MEIS benefits, exporters need to fulfill certain criteria. They must have a valid Importer-Exporter Code (IEC) and should have exported goods under the specified list of eligible sectors and products. The scheme covers a wide |
To be eligible for MEIS benefits, exporters need to fulfill certain criteria. They must have a valid Importer-Exporter Code (IEC) and should have exported goods under the specified list of eligible sectors and products. The scheme covers a wide |
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== References == |
== References == |
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Revision as of 14:08, 18 July 2023
The Merchandise Export from India Scheme (MEIS) is a government initiative implemented by the Government of India with the objective of encouraging exports.[1][2] It was launched on April 1, 2015 as a part of the Foreign Trade Policy (FTP) to boost India’s exports of goods and services.[3][4]
Overview
MEIS aims to incentivize and support Indian exporters by providing them with financial assistance in the form of duty credits.[5] Under this scheme, exporters are granted transferable duty credits that can be used to pay various duties, including basic customs duty, countervailing duty, and special additional duty.[6] These credits can be utilized for both the payment of customs duties on imported goods and the payment of excise duty on domestic procurements.[7]
Eligibility
To be eligible for MEIS benefits, exporters need to fulfill certain criteria. They must have a valid Importer-Exporter Code (IEC) and should have exported goods under the specified list of eligible sectors and products. The scheme covers a wide range of sectors,
References
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