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About MEIS scheme:
Background to MEIS
MEIS incentive
How to use MEIS incentive
Goods notified under MEIS
MEIS incentivises close to 5,000 items classified and notified under various ITC (HS) codes and with corresponding reward rates ranging from 2% to 5%. The items are notified by the DGFT.
Ineligibility of benefits under MEIS
The sectors or segments mentioned below are not entitled to MEIS incentives:
– SEZ/EOU/EHTP/FTWZ products exported through DTA units.
– Supplies made to SEZ units from DTA units.
– Deemed Exports.
– Export of imported commodities covered under paragraph 2.46 of FTP.
– Export commodities, which are subject to a minimum export duty or export price.
– Exports via trans-shipment, meaning thereby exports that are emerging in the third country but trans-shipped through India.
– Exports initiated by units in Free Trade and Warehousing Zones (FTWZ).
Duration of MEIS
The MEIS incentives are applicable from 1 April 2015 until the validity of the FTP 2015-20, which is 31 March 2020.
Reference: https://cleartax.in/s/merchandise-exports-india-scheme-meis
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