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
- Central Government permits export of Non-Basmati White Rice to Namibia through NCEL
- Launch of Steel Import Monitoring System (SIMS) 2.0
- DGFT amends policy condition under ITC (HS) code for Potatoes
- CPCB extends date to file Annual Returns for EPR Plastic
- DGFT modifies SION E-125 consisting export of SHEA STEARINE
- DGFT amends the Jewellery SION Norms under the HBP, 2023
- DGFT restricts imports of all Electronic and IT Goods
- CPCB changes validity of EPR Certificate from “One Year” to “One Time Registration”
featured articles
Central Government permits export of Non-Basmati White Rice to Namibia through NCEL The Central Government permits export 1000 MTs of…
Launch of Steel Import Monitoring System (SIMS) 2.0 DGFT informs that Ministry of Steel, proposes to launch an updated version…
DGFT amends policy condition under ITC (HS) code for Potatoes The Central Government makes amendment in the Policy Condition for…
DGFT modifies SION E-125 consisting export of SHEA STEARINE Standard Input Output Norm (SION) E-125 for the export of Shea…