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MEIS Scheme

Merchandise Exports from India Scheme (MEIS Scheme)

Apply for MEIS Scheme with our experts and get incentives on your goods exports

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    Merchandise Export from India Scheme (MEIS SCHEME)

    Apply for MEIS incentives with us and claim up to 7% incentives on your goods exports

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      6000 +
      Business served
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      Customer Ratings
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      What is MEIS Scheme?​

      Merchandise Exports from India Scheme (MEIS Scheme) launched under Foreign Trade Policy of India (FTP 2015-20) is one of the schemes introduced as a part of Exports from India Scheme. MEIS Scheme provides incentives on exports of goods manufactured in India or produced in India. These MEIS incentives are for goods that are widely exported from India with an objective to make Indian exports competitive. MEIS Scheme covers only the goods that are notified for the purpose of the scheme.

      purpose of the scheme. Who is Eligible for claiming MEIS License / MEIS Scrips (Duty Credit Scrips) under MEIS Scheme?

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

      Some of the Ineligible categories for claim incentives under Merchandise Exports from India Scheme (MEIS Scheme):

      Products from SEZ/EOU/EHTP/FTWZ exported through DTA units

      Deemed Exports

      Supplies made from SEZ units to DTA units

      Exports that are initiated by units located in Free Trade and Warehousing Zones (FTWZ)

      Exports via trans-shipment

      What are the benefits of MEIS Scheme?

      Merchandise Exports from India Scheme (MEIS Scheme) provides incentive in the form of MEIS License / MEIS Scrips (duty credit scrips). Incentives under MEIS scheme is calculated as a percentage, which is 2% – 10% of the realised FOB (free-on-board) value of exports in free foreign exchange.

      The ‘free foreign exchange’ includes forex earned through international credit cards and other instruments, which are allowed by the Reserve Bank of India (RBI).

      The MEIS License / MEIS Scrips (duty credit scrips) can be utilised to pay customs liabilities on import of goods or inputs, anti-dumping duty, safeguard duty, and any other customs duty under Foreign Trade Policy 2015-20.

      Additionally, the MEIS License / MEIS Scrips (duty credit scrips) can be transferred / monetised as well as used for importing goods against them.

      How we help you claim MEIS License (Scrip) and avail MEIS Scheme Incentives?

      Documentation

      Collection of the required documents from the client.

      Preparation and submission of application

      Verification of the documents and preparation of application as per the DGFT mandates.

      FOLLOW UP

      Follow-up with DGFT/Customs for expedition of licensing procedures.

      License Purchase / Monetisation

      Purchase of Duty Credit Scrips from the client.

      Frequently Asked Questions

      All you need to know before applying for MEIS Scheme:

      According to Foreign trade policy, merchandise export is the export of goods manufactured in India.

      Merchandise Exports from India Scheme (MEIS) is the additional export incentive scheme under which Credit Scrip or MEIS License is issued as a reward against eligible exports.

      The working of the MEIS Scheme can be explained in 5 simple steps, 1. Eligibility – Check that your product is eligible for MEIS benefits and check what is the rate of incentive; 2. Online Application – Prepare all the documents and make an application; 3. License Issuance – DGFT will issue MEIS License or raise a query; 4. License registration at Customs – Register the MEIS license at Customs; 5. The sale or use of License – Use the MEIS licence to pay your import duties or sell it in the open market and en-cash it. Please find the detailed explanation below:

      1. Eligibility: For making shipping bills eligible for the MEIS scheme benefits, the scheme
        reward option should be mentioned “YES” on the Shipping bills.
      2. Online Application: Online Application needs to be done on the DGFT website; relevant details shall be filled online with the help of shipping bill, e-Bank realization Certificate, and RCMC copy.
      3. License issuance: DGFT will process the Application and issue the License within a week.
      4. License registration: License registration is done at Customs, which takes two working days.
      5. Selling of License: The License can be used to pay import duty, or it is transferable and can be sold in an open market with a premium rate.

      All goods exporters, exporting products manufactured in India are eligible for MEIS Incentives.

      Under the MEIS Scheme, the benefit amount is calculated as a percentage of the FOB value of eligible export.

      Duty drawback enables Exporter to obtain a refund of customs duty paid on imported goods, whereas MEIS is the additional export incentive given as 2% – 7% on FOB value of eligible export.

      Merchandise Exports from India Scheme (MEIS) & The Service Exports from India Scheme (SEIS) are the two schemes under the Foreign Trade Policy 2015-20 for giving incentives to the goods exporter and service exporter respectively in the form of duty credit scrip.

      The MEIS License is the Duty Credit Scrip obtained under MEIS scheme.

      Reward under MEIS scheme can be claimed by filling online Application on DGFT website and submitting all the required documents, and We are the team of DGFT professionals having expertise in this domain from last ten years, Exporter only has to give us documents and rest of the things will be taken care by our executives.

      MEIS rate determines the quantum of reward given to the exporters. It can be calculated as % of the FOB value of exports.

      MEIS rate can be checked on the DGFT website http://dgftebrc.nic.in:8090/dgft_meis/homepage.jsp by just providing the eight-digit HS code
      and product description. Before application submission, we provide our clients with an excel sheet containing all their products and corresponding MEIS rate of benefit.

      Yes, MEIS Benefits can be availed for the last three years, i.e., shipping bills are eligible
      for the Application of last three years from the LEO date mentioned on the shipping bills with
      Late Cut clause.

      Application shall be filed within a period of 12 months from date of Let Export Order (LEO) or three months from date of uploading EDI shipping bills onto DGFT site by customs without Late Cut.

      The Government fees of Rupees 1000/- need to be paid online while making
      Applications on the DGFT website.

      It takes seven working days to get MEIS scrip from DGFT, and we try to do it
      within 2-3 working days by avoiding any kind of delay in the application process.

      The Government of India announced the discontinuation of MEIS & approved a new scheme,
      but the FTP 2015-20 is extended till 31st March 2021 due to Covid-19 Pandemic, under the
      extended policy exporter can continue to avail the MEIS benefits till 31st December 2020 it
      may extend till 31st march 2021.

      MEIS Scheme has been replaced by Remission of Duties or Taxes on Export Products
      (RoDTEP Scheme), implementation of the scheme will be done in a phased manner.

      es, MEIS License is transferable. The License can be transferred from owner to buyer

      The Selling of License means to transfer the Scrip from owner to buyer.
      For ease of doing business, DGFT had started an online platform to transfer Scrip from seller to buyer by using DGFT Digital Signature. After the transfer process buyer can utilize the same for the import duty payment.

      As per the latest notification, the Validity Period of MEIS License is 24 months from the date of the issue of License.

      The MEIS Scrip should be utilized within the validity period, the scrip can be considered as a piece of paper once the Validity gets expired and revalidation of the scrip shall not be permitted under the MEIS Scheme unless it has expired in the custody of any Govt. Authority.

      MEIS Scrip holder can use the MEIS license for the waiver of customs duties or if he does not intend to use he can sell it into the open market at discounted rate.

      MEIS License is issued by DGFT and used at Customs. Hence Customs authority need to verify it to check its genuineness. MEIS License registration procedure is done at customs where Exporter needs to provide an issued license to the custom, and after verification, it can be used for waiver of duty.

      Yes, It is mandatory to register the MEIS license at Customs to verify the genuineness of License /scrip from DGFT.

      Yes, MEIS License can be sold in the open market.

      Yes, We at A V International help our client in the selling of License without any hidden cost by following a transparent procedure of selling.

      As per updated notification, GST is not applicable to the sale of the MEIS License

      No, the MEIS Scrip cannot be used for payment of IGST.

      More questions? Seek help of our experts

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      Email us: info@avigroup.in

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