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EXPORTS FROM INDIA SCHEMES

Chapter 3 - Old_Provisions - Foreign Trade Policy - Foreign Trade Policy 2015-2020 (From 1-4-2015 to 4-12-17) - Chapter 3 - CHAPTER 3 3.00 Objective The objective of schemes under this chapter is to provide rewards to exporters to offset infrastructural inefficiencies and associated costs involved and to provide exporters a level playing field. 3.01 There shall be following two schemes for exports of Merchandise and Services respectively: (i) Merchandise Exports from India Scheme (MEIS). (ii) Se .....

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ds, including capital goods, as per DoR notification. (iii) Payment of service tax on procurement of services as per DoR notification. (iv) Payment of Customs Duty and fee as per paragraph 3.18 of this Policy.] Merchandise Exports from India Scheme (MEIS) 3.03 Objective Objective of Merchandise Exports from India Scheme (MEIS) is to offset infrastructural inefficiencies and associated costs involved in export of goods/products, which are produced/manufactured in India, especially those having hi .....

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pping Bills in free foreign exchange, whichever is less, unless otherwise specified. 3.05 Export of goods through courier or foreign post offices using e-Commerce (i) Exports of goods through courier or foreign post office using e-commerce, as notified in Appendix 3C, of FOB value upto ₹ 25000 per consignment shall be entitled for rewards under MEIS. (ii) If the value of exports using e-commerce platform is more than ₹ 25000 per consignment then MEIS reward would be limited to FOB va .....

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wing exports categories /sectors shall be ineligible for Duty Credit Scrip entitlement under MEIS (i) EOUs / EHTPs / BTPs/ STPs who are availing direct tax benefits / exemption. (ii) Supplies made from DTA units to SEZ units (iii) Export of imported goods covered under paragraph 2.46 of FTP; (iv) Exports through trans-shipment, meaning thereby exports that are originating in third country but trans-shipped through India; (v) Deemed Exports; (vi) SEZ / EOU / EHTP / BPT / FTWZ products exported th .....

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ons. (xiii) Cereals of all types. (xiv) Sugar of all types and all forms, unless specifically notified in Appendix 3B. (xv) Crude / petroleum oil and crude / primary and base products of all types and all formulations. (xvi) Export of milk and milk products, unless specifically notified in Appendix 3B. (xvii) Export of Meat and Meat Products, unless specifically notified in Appendix 3B. (xviii) Products wherein precious metal/diamond are used or articles which are studded with precious stones. ( .....

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) and Para 9.51(ii) of this policy shall be eligible. The notified services and rates of rewards are listed in Appendix 3D. (b) Such service provider should have minimum net free foreign exchange earnings of US$15,000 in preceding financial year to be eligible for Duty Credit Scrip. For Individual Service Providers and sole proprietorship, such minimum net free foreign exchange earnings criteria would be US$10,000 in preceding financial year. (c) Payment in Indian Rupees for service charges earn .....

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as service provider, then the foreign exchange earnings and Total expenses / payment / remittances shall be taken into account for service sector only. (f) In order to claim reward under the scheme, Service provider shall have to have an active IEC at the time of rendering such services for which rewards are claimed. 3.09 Ineligible categories under SEIS (1) Foreign exchange remittances other than those earned for rendering of notified services would not be counted for entitlement. Thus, other s .....

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f Foreign Equity through ADRs / GDRs or other similar instruments; (iv) Issuance of foreign currency Bonds; (v) Sale of securities and other financial instruments; (vi) Other receivables not connected with services rendered by financial institutions; and II. Earned through contract/regular employment abroad (e.g. labour remittances); (b) Payments for services received from EEFC Account; (c) Foreign exchange turnover by Healthcare Institutions like equity participation, donations etc. (d) Foreign .....

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n country X to any foreign country Y routes not touching India at all. (i) Service providers in Telecom Sector. 3.10 Entitlement under SEIS Service Providers of eligible services shall be entitled to Duty Credit Scrip at notified rates (as given in Appendix 3D) on net foreign exchange earned. 3.11 Remittances through Credit Card and other instruments for MEIS and SEIS Free Foreign Exchange earned through international credit cards and other instruments, as permitted by RBI shall also be taken in .....

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of entitlement of duty credit scrip. (b) Government reserves the right to impose restriction / change the rate/ceiling on Duty Credit Scrip under this chapter. (c) Government may also notify goods in Appendix 3A which shall not be allowed for debiting through Duty Credit Scrips in case of import. (d) Government may prescribe value cap of any kind for a product(s) or limit total reward per IEC holder under this chapter at any time. Common Provisions for (MEIS and SEIS) 3.14 Transitional Arrangem .....

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f goods or rendering of the services, shall be applicable to such scrips. 3.15 CENVAT/ Drawback Additional Customs duty/excise duty/Service Tax paid in cash or through debit under Duty Credit scrip shall be adjusted as CENVAT Credit or Duty Drawback as per DoR rules or notifications. Basic Custom duty paid in cash or through debit under Duty Credit scrip shall be adjusted for Duty Drawback as per DoR rules or notifications. 3.16 Import under lease financing Utilization of Duty Credit Scrip shall .....

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m e - BRC / FIRC. (b) However, MEIS, rewards can be claimed either by the supporting manufacturer (along with disclaimer from the company / firm who has realized the foreign exchange directly from overseas) or by the company/ firm who has realized the foreign exchange directly from overseas. 3.18 Facility of payment of custom duties in case of E.O. defaults and fee through duty credit scrips 6[ (a)Duty Credit Scrip can be utilised / debited for payment of Custom Duties in case of EO defaults for .....

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(a) A Risk Management System shall be in operation whereby every month Computer system in DGFT Headquarters, on random basis, will select 10% of cases for each RA where scrips have already been issued, under each scheme. RA in turn may call for original documents in all such selected cases for further examination in detail. In case any discrepancy and/ or over claim is found on such examination, the applicant shall be under obligation to rectify such discrepancy and/or refund over claim in cash .....

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any time within three years from the date of issue of scrip. Failure to submit such documents in original would make applicant liable to refund the reward granted along with interest at the rate prescribed under section 28 A A of the Customs Act 1962, from the date of issuance of scrip. It would be the responsibility of applicant to maintain such documents, certificate etc. for a period of at least three years from the date of issuance of scrips. 3.20 Status Holder (a) Status Holders are busine .....

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holder on achieving export performance during the current and previous three financial years (for Gems& Jewellery Sector the performance during the current and previous two financial years shall be considered for recognition as status holder) as indicated in paragraph 3.21 of Foreign Trade Policy. The export performance will be counted on the basis of FOB of export earning in free foreign exchange. ] (c) For deemed export, FOR value of exports in Indian Rupees shall be converted in US$ at th .....

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egories shall be granted double weightage for calculation of export performance for grant of status. (i) Micro, Small & Medium Enterprises (MSME) as defined in Micro, Small & Medium Enterprises Development (MSMED) Act 2006. (ii) Manufacturing units having ISO/BIS. (iii) Units located in North Eastern States including Sikkim and Jammu & Kashmir. (iv) Units located in Agri Export Zones. (b) Double Weightage shall be available for grant of One Star Export House Status category only. Suc .....

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er shall not be allowed. (b) Exports made on re-export basis shall not be counted for recognition. (c) Export of items under authorization, including SCOMET items, would be included for calculation of export performance. 3.24 Privileges of Status Holders A Status Holder shall be eligible for privileges as under: (a) Authorisation and Customs Clearances for both imports and exports may be granted on self-declaration basis; (b) Input-Output norms may be fixed on priority within 60 days by the Norm .....

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s Programme (ACP) as per the guidelines of CBEC (website: http://cbec.gov.in). (g) The status holders would be entitled to preferential treatment and priority in handling of their consignments by the concerned agencies. (h) Manufacturers who are also status holders (Three Star/Four Star/Five Star) will be enabled to self-certify their manufactured goods (as per their IEM/IL/LOI) as originating from India with a view to qualify for preferential treatment under different preferential trading agree .....

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ery, Articles of Gold and precious metals) on free of cost basis for export promotion subject to an annual limit of Rupees One Crore or 2% of average annual export realization during preceding three licensing years, whichever is lower. For export of pharma products by pharmaceutical companies, the annual limit would be 2% of the average annual export realisation during preceding three licensing years. In case of supplies of pharmaceutical products, vaccines and lifesaving drugs to health program .....

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MEIS and SEIS. The Duty Credit Scrips and goods imported / domestically procured against them shall be freely transferable. The Duty Credit Scrips can be used for : (i) Payment of Customs Duties for import of inputs or goods, except items listed in Appendix 3A. (ii) Payment of excise duties on domestic procurement of inputs or goods, including capital goods as per DoR notification. (iii) Payment of service tax on procurement of services as per DoR notification. (iv) Payment of Customs Duty and .....

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, meaning thereby exports that are originating in third country but trans-shipped through India; (v) Deemed Exports; (vi) SEZ/EOU/EHTP/BPT/FTWZ products exported through DTA units; (vii) Items, which are restricted or prohibited for export under Schedule-2 of Export Policy in ITC (HS), unless specifically notified in Appendix 3B. (viii)Service Export. (ix) Red sanders and beach sand. (x) Export products which are subject to Minimum export price or export duty. (xi) Diamond Gold, Silver, Platinum .....

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hich are studded with precious stones. (xix) Exports made by units in FTWZ." 3. Substituted vide Not. 08/2015-2020 - Dated 4-6-2015 w.e.f. 1st April 2015 "Export turnover relating to services of units operating under SEZ / EOU / EHTP / STPI / BTP Schemes or supplies of services made to such units;" 4. Substituted vide Not. 09/2015-2020 - Dated 4-6-2015, "Status holders shall be entitled to export freely exportable items on free of cost basis for export promotion subject to an .....

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