MEIS LICENCE





WHAT IS MEIS SCHEME? - AN OVERVIEW



The Merchandise Exports from India Scheme (MEIS Scheme) is an export incentive scheme introduced under the Foreign Trade Policy 2015-20, which came into effect from 01.04.2015 and will be valid until December 2020. MEIS Scheme was introduced with an objective to promote the export of goods from India by providing incentives in the range of 2-7% of the FOB value of exports for notified/specific products. By providing these incentives, MEIS Scheme aims to make Indian goods competitive in the global markets by offsetting infrastructural inefficiencies and associated costs involved in exports from India.


​The MEIS Scheme Provides incentive in the form of a Duty credit scrip or MEIS License which can be used in payment of import duties or can be sold in the open market for a premium rate.





Who is eligible for MEIS Scheme?


The following is the eligibility criteria for MEIS Scheme:


All the Exporters from India, be it a merchant exporter (trader) or a manufacturer exporter who are exporting the products that are notified in the Appendix 3B – MEIS Schedule are eligible to claim incentives under the MEIS Scheme.

• Eligibility depends only on the product exported, and not on the country of export, since as per latest circulars, MEIS Scheme is eligible for all countries.

• SEZ Units & EOU Units are also eligible to claim benefits under the MEIS Scheme.

• There is no minimum turnover criteria to claim MEIS. • Goods exported through e-commerce platforms via courier are also eligible.

• Country of origin of the exported products should be India, re-exported products are not eligible.

• Only those Shipping Bills are eligible for MEIS Scheme in which there is a “Declaration of Intent” & Scheme reward option is ticked as “YES”.