MEIS LICENSE SERVICES
Merchandise Exports from India Scheme (MEIS)
MEIS is an Incentive Scheme presented in the Foreign Trade Policy of India (2015-2020). Motivator plans are plans which qualifies the exporters for obligation credit scrips subject to different conditions.
The primary goal of MEIS is to decrease shortcomings brought about by absence of framework and the expenses caused while commodity of merchandise or items, which are delivered or produced in India, particularly those having a high product limit, a decent capability of business and accordingly helping India’s product intensity.
- These scrips can be utilized for installment of Basic Customs Duty at the hour of import of merchandise, including told capital products.
- Obligation credit scrips are adaptable, i.e., they can be sold on the lookout, assuming the holder of the obligation credit scrip doesn't expect to import products against the scrips.
Under MEIS, commodities of informed merchandise/items to told markets will be qualified for remunerations at determined rates. Except if any other way indicated, the premise of estimation of remunerations would be determined viz –
- On acknowledged FOB worth of commodities in free unfamiliar trade
- On FOB worth of commodities as given in the Shipping Bills in free unfamiliar trade .
whichever is less.
Reference section 3B – MEIS Schedule
It furnishes with a rundown of nations with ITC (HS) code astute rundown of items with remuneration rates in %. The advantage under this plan goes from 2% to 5% on FOB Value which relies upon the country to which the products are sent out. The rundown of product classes/areas which is ineligible for Duty Credit Scrip qualification has been informed except if such classifications/areas are extraordinarily advised in Appendix 3B
Administrations WE OFFER
Our organization gives consultancy and administrations identified with Customs and DGFT and has amassed bountiful aptitude throughout the years in the field of DGFT Consultancy Services. We offer truly dependable assistance at the most aggressive costs. We mean to offer a wide range of assistance needed by the exporter under one rooftop. Our MEIS License Services incorporate the accompanying:
- Readiness of documentation to give a problem free cycle and simple to plan application.
- Readiness and accommodation of online applications under the plan, and getting the permit from DGFT.
- Preparation and submission of online applications under the scheme, and obtaining the license from DGFT.
- Assistance in the registration of the license at Customs. And sale to the concerned buyer.
- Assistance for preparing documents to Transfer the License to eligible buyer through Sale or for Purchase of License from Sellers.
- Provide consultancy to the exporter to confirm the eligible benefit for their product and the country to whom they export.
- Updating the clients with regular policy amendments of rules and regulations of the Foreign Trade Policy by for effective Compliance.
SERVICES