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).
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.
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.
Exporters of 4500+ products to select countries (Countries belonging to Group A, Group B and Group C.)
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