Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

MEIS Scheme

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... The timeline for applying to MEIS is one year . Is one year to be considered from the date of Export Invoice OR is it from the date of shipping Bill . In case of SEIS , one year is considered from the of date of Export Service Invoice , am i correct in my understanding. - Reply By Kishan Barai - The Reply = According to me its S/B because in S/B CHA needs to tick Yes or No to claim MEI .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... S reward. Thanks - Reply By surya narayana - The Reply = Dear Friend, Pl. take the let export date for consideration of one year. - Reply By Kishan Barai - The Reply = Respected Sir, As per DGFT File No. 01/61/180/179/AM16/PC3/Pt : Marking of Y in the EDI generated Shipping Bills by Exporters would be treated as declaration of intent to claim MEIS benefit Amended Paragraph: .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Paragraph 3.14 : Procedure for Declaration of Intent on EDI and Non EDI shipping bills for claiming rewards under MEIS including export of goods through courier or foreign post offices using e-Commerce (a) (i) EDI Shipping Bills: Marking/ ticking of Y (for Yes) in Reward column of shipping bills against each item, which is mandatory, would be sufficient to declare intent to claim .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... rewards under the scheme. In case the exporter does not intend to claim the benefit of reward under Chapter 3 of FTP exporter shall tick N (for No). Such marking/ticking shall be required even for export shipments under any of the schemes of Chapter 4 (including drawback), Chapter 5 or Chapter 6 of FTP (ii) Non-EDI Shipping Bills: In the case of non-EDI Shipping Bills, Export ship .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ments would need the following declaration on the Shipping Bills in order to be eligible for claiming rewards under MEIS: We intend to claim rewards under Merchandise Exports From India Scheme (MEIS) . Such declaration shall be required even for export shipments under any of the schemes of Chapter 4 (including drawback), Chapter 5 or Chapter 6 of FTP. Effect of this Public .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Notice : The procedure for declaration of intent in Paragraph 3.14(a) of the Handbook of Procedures 2015-20 for EDI is simplified. The marking of tick in pursuance of the earlier Public Notice No.47, dated 8th December 2015 shall be treated as declaration of intent in case of EDI shipping bills. The marking of tick in the appropriate tick boxes are mandatory in EDI shipping bills. Now .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... we know it very well that after filling of shipping bill in LEO number is generated, so if some one tick NO, how 1 year time period could be provided. Please enlighten. Please reply. Thanks sir - Reply By R S Simha - The Reply = Thanks , is there at any place by way of notification etc , i can see the document to be considered for timeline for applying to MEIS. - Reply By s .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... urya narayana - The Reply = Dear Mr. Simha, For provisions related to Last date of filing application and late cut, supplementary claim, you may please refer the following Paras of HBP Vol.1 3.15 , 9.02 and 9.03 Best Regards Suryanarayana - Reply By CS SANJAY MALHOTRA - The Reply = Mr suryanarayan is correct. LEO date is the relevant date for all Incentives either Export / .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Import. Declaration Intent as Y makes person eligible for submission of claim. Declaration needs to be looked at before filing Sbill. - Reply By Kishan Barai - The Reply = Suryanarayan sir CS SANJAY MALHOTRA are correct. Thanks a lot sir - MEIS Scheme - Query Started By: - R S Simha Dated:- 18-5-2016 Customs - Import - Export - Customs - SEZ - Got 7 Replies - Customs - Discussion Forum - .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates