MEIS- Merchandise Exports from India Scheme

The Government of India has introduced Exports from India Schemes through the Foreign Trade Policy (FTP) 2015-20 with effect from April 1, 2015. Exports from India Schemes comprise two schemes for exports of merchandise and services namely, Merchandise Exports from India Scheme (MEIS) and Service Exports from India Scheme (SEIS). MEIS and SEIS schemes are designed with the aim of making India’s export products more competitive in the global markets including Europe, The United States of America and Africa. As part of this, Government provides rewards to exporters to offset infrastructural inefficiencies and associated costs involved and to provide exporters with a level playing field. On this page, we will look at Merchandise Exports from India Scheme in detail.

Nature of Incentive under Foreign Trade Policy

Duty Credit Scrips will be granted as rewards under Exports from India Schemes (MEIS and SEIS). The Duty Credit Scrips and goods imported or domestically procured against the Duty Credit Scrips will be freely transferable. This duty credit Scrips can be used for payment of, excise duty, service tax and customs duty. These scrips can also be sold and monetized. 

MEIS- Rewards Rate

Rewards under MEIS schemes are payable as a percentage (2, 3, 5, 7 or 10%) of realized FOB value of covered export, by way of the MEIS scheme duty credit scrip.  The Merchandise Exports from India Scheme (MEIS) rewards rates are explained in Appendix 3B of Customs Act 1962. ITC (HS) code wise list of products with reward rates under Merchandise Exports from India Scheme (MEIS) is given in the link below

Our Expertise

1. Checking eligibility of Clients products

2. Documentation

3. Application, Submission and Follow-up

4. Monetization of the incentive received under MEIS. 

Ineligible Exports Categories under MEIS

  • Export Oriented Units (EOUs) or Electronics Hardware Technology Park (EHTP) Scheme or BTPs or STPs who are availing direct tax benefits or exemption

  • Supplies made from Domestic Tariff Area (DTA) units to Special Economic Zone (SEZ)  units

  • Exports through trans-shipment – Exports that are originating in the third country but transshipped via India

  • SEZ/EHTP/EOU/BPT/FTWZ products exported through Domestic Tariff Area (DTA) units

  • Deemed Exports

  • Items, which are prohibited or restricted for export under Schedule-2 of Export Policy in ITC (HS), unless specifically notified in Appendix 3B of Dgft. Refer to link provided above. 

  • Service Export

  • Export products/goods which are subject to minimum export price or export duty

  • Red sanders and beach sand

  • Diamond, Gold, Silver, Platinum or any other precious metal in any form including plain and studded jewellery and other precious and semi-precious stones.

  • Crude or Petroleum (primary and base) products of all type and all formulation

  • Cereals of all types

  • Ores and concentrate of all types and in all formations

  • Sugar of all type and all form

  • Export of Meat and Meat Products

  • Export of milk and milk products

  • Products wherein precious metal or /diamond are used or Articles which are studded with precious stones

  • Exports made by units in Free Trade and Warehousing Zones (FTWZ).

  • Export of imported goods covered under Foreign Trade Policy

Contact Us

Our Locations:- 

Pune- 796/ B-16,  Bhandarkar road, Deccan Gymkhana, Pune- 411004.

Mumbai- 304, Green Crest, Yamunagar, Andheri, Mumbai- 400053

Phone: +91- 9370890321

  • WhatsApp
  • Facebook Social Icon
  • Twitter Social Icon
  • SEIS, MEIS, DGFT, EXIM Consultant

Copyright © 2021 by Smart Export Incentive Solutions