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What is MEIS (Merchandise Export Incentive Scheme) in DGFT?
The government aims to increase export under the new five-year Foreign Trade Policy - Highlights of FTP, in order to provide incentives to the exporters of goods and services. The schemes like- MEIS and SEIS are introduced. The scheme aims to offset infrastructural inefficiencies and associated costs involved in export of goods/services.
Merchandise Exporter (including SEZ Units and EOU Units not availing Direct Taxation benefits) is covered under the scheme which is eligible for rewards in the form of ‘Duty Credit Scrip’. Duty credit scrip is freely transferable and can be used for the payment of excise duty, custom duty and service tax. Incentives range from 2% to 5%, which is valid for 18 months from the date it is issued and must be valid on the date, on which actual debit of duty is made. The incentive and rewards are given under this scheme varies from product to product and from country to country.
How we assist you to get the MEIS Licence to avail the MEIS Scheme?
Interlink Capital assist you under Exim policy and guides you for MEIS application, in complying requirements to get MEIS Licence and avail the MEIS Scheme Benefits (Merchandise Export Incentive Scheme). We help you to prepare collation of documents, finalization of application, filing at MEIS DGFT & Customs and also assist you to submit the original documents .The documents which are not required to be submitted in original shall be retained by the applicants for a period of 3 years and Licensing Authority call such document in original at any time within 3 years. We assist clients to understand these conditions and help prepare the correct set of documents which will entitle them to achieve their goal.