Benefit for Indian Made Foreign Liquor Export
Kuppusamy S (40 Points)
05 February 2019Kuppusamy S (40 Points)
05 February 2019
RAMESH KUMAR VERMA
(Advocate )
(5965 Points)
Replied 05 February 2019
DGFT Incentive for MEIS Licence is 2% and 0.15 % duty drawback.
Kuppusamy S
(40 Points)
Replied 05 February 2019
RAMESH KUMAR VERMA
(Advocate )
(5965 Points)
Replied 05 February 2019
Merchandise Exports from India Scheme (MEIS) under Foreign Trade Policy of India (FTP 2015-20) is one of the two schemes introduced in Foreign Trade Policy of India 2015-20, as a part of Exports from India Scheme. (The other scheme is SEIS, Service Exports from India Scheme).
The Government of India has brought in the Merchandise Exports Incentive Scheme (MEIS), replacing five other similar incentive schemes present in the earlier Foreign Trade Policy 2009-14. The schemes that have been replaced by the MEIS scheme include:
As per the present FTP, the MEIS scheme does not aim to merely replace these five schemes but also aims to rationalize the incentives and enlarges their scopes by removing various restrictions.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)