meis
Description:
Merchandise Exports from India Scheme (MEIS) under Foreign Trade Policy of India (FTP 2015-20) is one of the schemes introduced in Foreign Trade Policy of India 2015-20, as a part of Exports from India Scheme. This scheme has been introduced by the Government of India by replacing five other similar incentive schemes present in the earlier Foreign Trade Policy 2009-14 including Focus Product Scheme (FPS), Focus Market Scheme (FMS), Market Linked Focus Product Scheme (MLFPS), Agri. Infrastructure incentive scheme, and Vishesh Krishi Gramin Upaj Yojna (VKGUY).
MEIS Objective:
To enhance India’s export competitiveness globally by offsetting infrastructural inefficiencies and the associated costs of exporting products manufactured or sold in India giving special emphasis on products which are of India’s export interest.
Benefit:
The scheme provides incentive in the form of duty credit scrip to the exporter to compensate for his loss on payment of duties. This incentive is paid as percentage of the realized FOB value for notified goods going to notified markets. To determine the quantum of incentive, the countries are segregated into three groups: Group A, Group B, Group C.
Eligibility:
Exporters of 4500+ products to select countries (Countries belonging to Group A, Group B and Group C.)
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Recent Posts
- DGFT extends the RoDTEP scheme for exports made from 1st October, 2023.
- DGFT clarifies issues raised concerning Pre-Import Conditions under Advance Authorisation
- DGFT De-lists agencies authorized to issue Certificates of Origin (Non-Preferential)
- DGFT amends the Export Policy of Food Supplements containing Botanicals
- DGFT revises Standard Input Output Norms for Leather, Leather Products and Footwear
- DGFT permits export of Non-Basmati White Rice to Bhutan, Mauritius and Singapore through National Cooperative Exports Limited (NCEL)
- What is Preferential Certificate of Origin? Who is authorised to issue the Preferential CoO?
- Central Govt. changes the Registration Fees for SIMS to Rs.500/- flat
featured articles
DGFT extends the RoDTEP scheme for exports made from 1st October, 2023. As per Section 5 of the Foreign Trade…
DGFT clarifies issues raised concerning Pre-Import Conditions under Advance Authorisation Implementation of the Trade Notice 07/2023-24 dated 08th June, 2023,…
DGFT De-lists agencies authorized to issue Certificates of Origin (Non-Preferential) The DGFT had issued a final trade notice for the…
DGFT amends the Export Policy of Food Supplements containing Botanicals DGFT announces an amendment in the Export Policy of Food…