MEIS(Merchandise Exports from India Scheme)

  • Export benefit unto 7% of FOB Value
  • MSIS For Business in Export of Good
  • MEIS Can be applied for past period
  • We help in taking Maximum benefit under MEIS

MEIS (Merchandise Exports from India Scheme)

Benefit upto 7% of Export value

Under Foreign Trade Policy government has introduced new export incentive schemes under Merchandise Export from India Schemes to promote the export of goods and services. MEIS Scheme aims to offset infrastructural inefficiencies and associated costs involved in export of goods/products by providing credit in the form of duty credit scrips. under Export Incentive Scheme- MEIS scheme export can have benefit of up to 5% of FOB value of export , there percentage depends on factor of destination county and tariff classification of good. Latest policy extended this benefit to e commerce sector.

MEIS schemes are introduced with following objective

  • To boost India's export by offsetting infrastructural inefficiencies and associated costs involved
  • To provide a level playing field to exporters
  • To encourage international business

Nature of Reward: – Duty Credit Scrips shall be granted as rewards under MEIS. It will be freely transferable. Therefore, if exporter is not in position to use the Duty Credit Scrips, he can sell the same in market.

Highlights of MEIS

Export Benefit

The MEIS scheme grants benefits of up to 5% as compared to earlier scheme. Exporter gets scrips upto 5% of export Duty Credit. Exporter can sell the same scheme scrip for cash in market.

Use Of Script

MEIS scheme grants benefits of up to 5% of exports. Exporter can use the credit scrips for specified indirect tax payments. MEIS Scheme defines for which payment exporter can utilize the scrips.

Sale of Scrips

Duty Credit Scrips shall be granted as rewards under MEIS. It will be freely transferable. Therefore, if exporter is not in position to use the Duty Credit Scrip, he can sell the same in market.

Validity of Script

Duty Credit Scrip shall be valid for a period of 18 months from the date of issue and must be valid on the date on which actual debit of duty is made. Exporters of Scrip to whom MEIS scrip has been granted

Export of goods through courier

MEIS benefit is also available to export of goods through courier or foreign post offices using E-commerce, as notified in Appendix 3C, of FOB value upto Rs 25,000/ consignment.

Procedure

All export document should contain declaration that “we intend to claim rewards under MEISâ€. Application to be filed in Form ANF 3A along with requisite document.

Documents required

Registration Documents

  • IEC
  • RCMC
  • GST

Export Documents

  • Export Invoices
  • FIRC
  • Shipping Bills

Other

  • DSC-DGFT
  • CA Certificate
  • Financial Statements

What We Offer in GST Filing

Personal Consulting

Legal Documents

Filling of MEIS

Approval of MEIS

Assistance on sale

Process of MSIS Application

1

Discussion on MEIS Benefits , Legal background , advisory services

2

Verification of legal documents, export documents etc.

3

Preparation of ANF application , CA certificate etc

4

Online & Physical filing of Documents

5

Follow up and avail MEIS Script

Compare Your Options

Recommended For
Benefit
Duration
Statutory Compliances
RCMC Required
Applicable for

MEIS

Goods Exporter
Upto 7 % of FOB Value of Export
1 Month
No
Yes
Past Exports

SEIS

Service Exporter
Upto 7 % of FOB Value of Export
1 Month
No
Yes
Past Exports
Know More

EPCG

Manufacturer Exporter
Upto 100 % Import duty waiver on Capital Goods
1 Month
Yes
Yes
upcoming Capital Goods Import
Know More

Advance Authorization

Manufacturer Exporter
Upto 100 % Import duty waiver on raw material
1 Month
Yes
Yes
upcoming Raw Material Import
Know More

More Questions? Seek Help of an Expert

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