Background to MEIS
The Merchandise Exports from India Scheme (MEIS) was introduced by the Government of India under the Foreign Trade Policy (FTP) 2015-2020. It aims to promote the export of goods from India by providing incentives to exporters. MEIS is designed to enhance the competitiveness of Indian products in the global market by offering rewards in the form of duty credit scrips, which can be used for various trade-related purposes.
MEIS Incentive
Under MEIS, exporters are eligible for incentives in the form of Duty Credit Scrips, which can be used to pay various duties and taxes, including customs duty, excise duty, and service tax. The incentive rates vary depending on the product and the destination country. These scrips are transferable, allowing exporters to sell them in the open market or use them for their own imports.
How to Apply for MEIS Incentive
- Register on the DGFT Portal: Create an account on the Directorate General of Foreign Trade (DGFT) online portal and ensure all company details are up-to-date.
- Submit Shipping Bills: File shipping bills and related export documents electronically through the DGFT portal, ensuring they align with MEIS criteria.
- Claim MEIS: Apply for MEIS incentives by submitting an online application through the DGFT portal, providing details of the exports and supporting documents.
- Verification and Approval: The DGFT will review the application and verify the export documents. Upon approval, MEIS Duty Credit Scrips will be issued.
How to Use (MEIS) Incentive
- Utilize Scrips for Duty Payment: Use the Duty Credit Scrips to pay customs duties, excise duties, and service taxes for imports.
- Transfer or Sell Scrips: Scrips can be transferred or sold to other parties, which allows exporters to convert them into cash or use them for their business needs.
- Apply for Exemptions: Use scrips to claim exemptions from certain duties or taxes on imports as specified by the MEIS scheme.
Ineligibility of Benefits Under MEIS
- Products Not Listed: Goods not listed under the MEIS schedule or those excluded from the scheme are ineligible for benefits.
- Non-compliance: Exporters who fail to adhere to the conditions or regulations stipulated by the MEIS scheme are disqualified from receiving benefits.
- Restricted Countries: Exports to countries not covered under the MEIS list are not eligible for incentives.
- Incorrect Documentation: Inaccurate or incomplete documentation can lead to the denial of MEIS benefits.
Duration of MEIS
The MEIS was initially introduced under the Foreign Trade Policy (FTP) 2015-2020, with periodic updates and extensions. The scheme’s duration has been subject to policy changes and updates by the Government of India. It is essential for exporters to stay informed about the current status and any amendments to the scheme.
Port of Registration
Exporters must register their claims for MEIS incentives through the DGFT portal, which is the primary platform for processing and approving MEIS applications. The port of registration refers to the designated DGFT office or the port where the export shipments are handled.
List of Countries Covered Under MEIS
The MEIS covers a range of countries to promote exports to diverse markets. The list of eligible countries is regularly updated and includes major trading partners and emerging markets. Exporters should refer to the latest DGFT notifications or the MEIS schedule for the most current list of covered countries.
Here’s the list of countries covered under MEIS in a double-row table format:
| Country | Country |
| Afghanistan | Canada |
| Argentina | Chile |
| Australia | China |
| Austria | Colombia |
| Bangladesh | Denmark |
| Belgium | Egypt |
| Brazil | France |
| Bulgaria | Germany |
| Hong Kong | Greece |
| Hungary | Iceland |
| India | Indonesia |
| Ireland | Israel |
| Italy | Japan |
| Jordan | Kuwait |
| Malaysia | Mexico |
| Netherlands | New Zealand |
| Nigeria | Norway |
| Oman | Pakistan |
| Peru | Philippines |
| Poland | Portugal |
| Qatar | Romania |
| Russia | Saudi Arabia |
| Singapore | South Africa |
| South Korea | Spain |
| Sri Lanka | Sweden |
| Switzerland | Taiwan |
| Thailand | Turkey |
| United Arab Emirates (UAE) | United Kingdom (UK) |
| United States of America (USA) |