Exports to nepal and bhutan- export benefits?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 May 2016
We are exporting engineering goods to Bhutan and Nepal and receiving payment in INR. Can we claim export benefits against such exports under chapter 3 of FTP. A plain reading of the MEIS scheme focuses on free foreign exchange (para 3.04). Kindly advice
27 July 2016
As mentioned in Paragraph 3.04 of Foreign Trade Policy 2015-2020, the reward under MEIS is admissible on the FOB value of exports realized in Free Foreign Exchange only.
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 July 2016
Thank You Sir. That Means no incentive if payment is made in INR.
28 July 2016
Yes.You are correct.
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