The objective of the Merchandise Exports from India Scheme (MEIS) is to promote the manufacture and export of notified goods\/ products.<\/p>\n\n\n\n
<\/p>\n\n\n\n
Exports of notified goods\/products with ITC[HS] code, to notified markets, shall be rewarded under MEIS. The rate(s) of rewards on various notified products [ITC (HS) code wise] range from 2% to 5% and also depends on the location of exports. The basis of calculation of reward would be on realised FOB value of exports in free foreign exchange, or on FOB value of exports as given in the Shipping Bills in freely convertible foreign currencies, whichever is less, unless otherwise specified.<\/p>\n\n\n\n
Exports of goods through courier or foreign post office using e-commerce of FOB value up to Rs. 25000 per consignment shall be entitled to be rewarded under MEIS.<\/p>\n\n\n\n
If the value of exports using the e-commerce platform is more than Rs 25000 per consignment then MEIS reward would be limited to FOB value of Rs.25000 only. Such goods can be exported in manual mode through Foreign Post Offices at New Delhi, Mumbai and Chennai.<\/p>\n\n\n\n
Export of such goods under Courier Regulations shall be allowed manually on a pilot basis through Airports at Delhi, Mumbai and Chennai as per appropriate amendments in regulations to be made by Department of Revenue. Department of Revenue shall fast track the implementation of EDI mode at courier terminals.<\/p>\n\n\n\n
The following exports categories\/sectors shall be ineligible for Duty Credit Scrip entitlement under MEIS.<\/p>\n\n\n\n
The objective of the Merchandise Exports from India Scheme (MEIS) is to promote the manufacture and export of notified goods\/ products. Entitlement under MEIS Exports of notified goods\/products with ITC[HS] code, to notified markets, shall be rewarded under MEIS. The rate(s) of rewards on various notified products [ITC (HS) code wise] range from 2% to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[59,44,32,35],"tags":[48,37],"jetpack_featured_media_url":"","jetpack-related-posts":[{"id":1186,"url":"https:\/\/importexportlicence.com\/index.php\/2022\/01\/15\/rice-exporters-eligible-for-export-incentives-to-receive-rodtep-licences\/","url_meta":{"origin":560,"position":0},"title":"Rice Exporters eligible for Export Incentives, to receive RoDTEP Licences","date":"January 15, 2022","format":false,"excerpt":"RoDTEP stands for Remission of Duties and Taxes on Export Products. It is a new scheme that is applicable with effect from January 1st, 2021, formed to replace the existing MEIS (Merchandise Exports from India Scheme). The scheme will ensure that the exporters receive the refunds on the embedded taxes\u2026","rel":"","context":"In "DGFT"","img":{"alt_text":"Rice Exporters to receive RoDTEP Licences","src":"https:\/\/i1.wp.com\/importexportlicence.com\/wp-content\/uploads\/2022\/01\/Rice-Exporters-to-receive-RoDTEP-Licences.png?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":493,"url":"https:\/\/importexportlicence.com\/index.php\/2020\/08\/18\/duty-credit-scrips-what-are-these\/","url_meta":{"origin":560,"position":1},"title":"Duty Credit Scrips: What are these?","date":"August 18, 2020","format":false,"excerpt":"What are Duty Credit Scrips? Duty Credit Scrips (DCS) is an export promotion benefit offered by the Government of India under the Foreign Trade Policy (FTP) 2015-20. As with other export benefits, the aim is to incentivize exporters so that they boost the inflow of foreign exchange to India. A\u2026","rel":"","context":"In "Customs"","img":{"alt_text":"Duty Scrips","src":"https:\/\/i2.wp.com\/importexportlicence.com\/wp-content\/uploads\/2020\/08\/CUSTOMS-DUTY_1200.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":516,"url":"https:\/\/importexportlicence.com\/index.php\/2020\/08\/19\/how-to-apply-for-duty-credit-scrips\/","url_meta":{"origin":560,"position":2},"title":"How to apply for Duty Credit Scrips?","date":"August 19, 2020","format":false,"excerpt":"There are multiple types of Duty Scrips i.e. different category of Duty Scrips that an exporter receives basis on its item of export. And the percentage i.e. amount of the benefit depends upon the exact HSN code and country of export. Current prevalent duty scrips are MEIS, SEIS, RosCTL and\u2026","rel":"","context":"In "Documentation"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":553,"url":"https:\/\/importexportlicence.com\/index.php\/2020\/08\/20\/how-to-export\/","url_meta":{"origin":560,"position":3},"title":"HOW TO EXPORT","date":"August 20, 2020","format":false,"excerpt":"India\u2019s Foreign Trade i.e. Exports and Imports are regulated by Foreign Trade Policy notified by the Central Government in the exercise of powers conferred by section 5 of foreign trade (Development and Regulation) Act 1992. Presently Foreign Trade Policy 2015-20 is effective from 1st\u00a0April 2015.\u00a0\u00a0 STARTING EXPORTS Export in itself\u2026","rel":"","context":"In "Documentation"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":557,"url":"https:\/\/importexportlicence.com\/index.php\/2020\/08\/21\/dgft-amends-export-policy-of-textile-raw-material-for-masks-and-coveralls\/","url_meta":{"origin":560,"position":4},"title":"DGFT amends Export Policy of Textile Raw Material for Masks and Coveralls","date":"August 21, 2020","format":false,"excerpt":"The Director General of Foreign Trade (DGFT) has notified the amendment in the Export Policy of textile raw material for masks and coveralls. The central government notified the amendment in the Notification No. 18 dated July 13, 2020, amending Schedule 2 of the ITCHS Export policy related to the export\u2026","rel":"","context":"In "DGFT"","img":{"alt_text":"Non Woven Fabric Export allowed","src":"https:\/\/i2.wp.com\/importexportlicence.com\/wp-content\/uploads\/2020\/08\/b2e1816d2891eaa18de44f8fae29b61f_medium.jpg?fit=550%2C550&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":499,"url":"https:\/\/importexportlicence.com\/index.php\/2020\/08\/18\/iec-code-what-is-iec-code-how-to-apply\/","url_meta":{"origin":560,"position":5},"title":"IEC Code – What is IEC Code? How to Apply?","date":"August 18, 2020","format":false,"excerpt":"The IEC Code stands for Import Export Code. It is a unique 10 digit registration code issued by Government of India\u2019s Directorate General of Foreign Trade (DGFT). The IEC number is a prerequisite for any\u00a0import-export business in India, as it makes it easy for Government of India to track and\u2026","rel":"","context":"In "Customs"","img":{"alt_text":"iec code","src":"https:\/\/i0.wp.com\/importexportlicence.com\/wp-content\/uploads\/2020\/08\/iec-code.png?fit=800%2C400&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/importexportlicence.com\/index.php\/wp-json\/wp\/v2\/posts\/560"}],"collection":[{"href":"https:\/\/importexportlicence.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/importexportlicence.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/importexportlicence.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/importexportlicence.com\/index.php\/wp-json\/wp\/v2\/comments?post=560"}],"version-history":[{"count":2,"href":"https:\/\/importexportlicence.com\/index.php\/wp-json\/wp\/v2\/posts\/560\/revisions"}],"predecessor-version":[{"id":562,"href":"https:\/\/importexportlicence.com\/index.php\/wp-json\/wp\/v2\/posts\/560\/revisions\/562"}],"wp:attachment":[{"href":"https:\/\/importexportlicence.com\/index.php\/wp-json\/wp\/v2\/media?parent=560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/importexportlicence.com\/index.php\/wp-json\/wp\/v2\/categories?post=560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/importexportlicence.com\/index.php\/wp-json\/wp\/v2\/tags?post=560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}