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MERCHANDISE EXPORTS FROM INDIA SCHEME

Customs - Import - Export - SEZ - By: - Mr. M. GOVINDARAJAN - Dated:- 10-8-2015 - Chapter 3 of Foreign Trade Policy for the year 2015 - 2020 provides for exports schemes from India. The objective of the scheme is to provide rewards to exporters to offset infrastructural inefficiencies and associated costs involved and to provide exporters a level playing field. There are two schemes for exports- (MEIS); Service Exports from India Scheme (SEIS). Under these two schemes duty credit scrips shall be .....

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duty in case of Export obligation defaults for authorizations issued under Chapter 4 and 5 of this policy; Payment of composition fee under FTP; Payment of application fee under FTP, if any; Payment of value shortfall in export obligation under para 4.49 Hand Book of Procedures 2015-20. MEIS Earlier there were five different schemes as detailed below: Focus Product Scheme; Market Linked Focus Product Scheme; Focus Market Scheme; Agri Infrastructure Incentive Scrip; Vishesh Krishi and Gram Udyog .....

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ential and thereby enhancing India s export competitiveness. Entitlement of MEIS Exports of notified goods/products with ITC (HS) code, to notified markets as listed in Appendix 3B shall be rewarded under this scheme. The said appendix also lists the rates of rewards on various notified products. The basis of calculation of reward would be on realized FOB value of exports in free foreign exchange, or on FOB value of exports as given in the Shipping Bills in free foreign exchange, whichever is le .....

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P/STP who are availing direct tax benefits/exemption; Supplies made from DTA units to SEZ units; Export of imported goods covered under para 2.46 of FTP; Exports through trans-shipment; Deemed Exports; SEZ/EOU/EHTP/BPT/FTWZ products exported through DTA units; Items, which are restricted or prohibited for export under Schedule 2 of Export Policy in ITC, unless specifically notified in Appendix 3B; Service export; Red sandlers and beach sand; Export products which are subject to minimum export pr .....

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