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Ceiling/ cap on MEIS benefits available to exporters on exports made from 01.09.2020 to 31.12.2020 - 30/2015-2020 - Foreign Trade Policy

Extract

..... l Government hereby makes the following amendments in the Foreign Trade Policy 2015-20 with immediate effect: 2. Two new paragraphs, 3.04A and 3.04B are inserted in the Foreign Trade Policy as below: "3.04 A The total reward which may be granted to an IEC holder under the Merchandise Exports from India Scheme (MEIS) shall not exceed ₹ 2 Crore per IEC on exports made in the period 01.09.2020 to 31.12.2020 [period based on Let Export Order (LEO) date of shipping bill(s)]. Any IEC holder .....

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Ceiling/ cap on MEIS benefits available to exporters on exports made from 01.09.2020 to 31.12.2020 - 30/2015-2020 - Foreign Trade Policy

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..... r after the date of publication of this Notification would not be eligible for submitting any claim under MEIS. In addition, it has been notified that MEIS Scheme is withdrawn with effect from 01.01.2021. The aforesaid ceiling will be subject to further downward revision to ensure that the total claim under MEIS for the period (01.09.2020 to 31.12.2020) does not exceed the prescribed allocation by the Government, which is ₹ 5,000 Cr. [F.No. 01/61/180/288/AM20/PC-3 (Part-1)] AMIT YADAV, Dir .....

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Ceiling/ cap on MEIS benefits available to exporters on exports made from 01.09.2020 to 31.12.2020 - 30/2015-2020 - Foreign Trade Policy

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