News

Manner of Continuation of Merchandise Exports from India Scheme (MEIS) for shipments on or after 01.04.2020

ISEPC Cir NO 71-4/2020-21                                                                                                                                                16th April, 2020

To;

All Members of the Council – ISEPC;

Subject: Manner of Continuation of Merchandise Exports from India Scheme (MEIS) for shipments on or after 01.04.2020 and Introduction of the Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme: Reg:

Dear Member,

The Council would like to inform you that the DGFT has issued a Trade Notice No.03/2020-21 dated 15th April, 2020 on continuation of MEIS for shipments on or after 01.04.2020 and Introduction of the RoDTEP Scheme.

With approval of the RoDTEP scheme by Cabinet on 13th March 2020, to replace the ongoing MEIS scheme as publicized vide PIB Press Note dated 13th March 2020, this Directorate had been receiving queries from the members of the trade, as to in what manner benefits under MEIS will be available under the FTP beyond 31.03.2020, the then envisaged end date of the FTP 2015-20, which has since been extended till 31.03.2021.

It is clarified, without prejudice and subject to changes that may be deemed necessary in public interest from time to time, that:

1.Benefits under MEIS for any item/tariff line /HS Code currently listed in Appendix 3B, Table 2 (MEIS Schedule) will be available only up to 31.12.2020;

2. Prior to 31.12.2020, as and when an item/tariff line/HS code is notified to be covered under RoDTEP Scheme, it would at the same time be removed from coverage under MEIS;

3. Detailed operational framework for the Scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) will be notified separately in consultation with Department of Revenue, Ministry of Finance;

Members may kindly make a note of the above and do the needful at the earliest. With best regards,

Sanjeev Kr Sharma

Sr Director – ISEPC

New Delhi, India

Mobile #: +9899573797

Email Id: isepcho@gmail.com;