Common Procedural features applicable to MEIS and SEIS under FTP 2015-20

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Common Procedural features applicable to MEIS and SEIS unless specifically provided for

What are the common procedures to apply for MEIS scheme, Merchandise Exports from India Scheme under Foreign Trade Policy 2015-20? How to apply for obtaining benefits under MEIS scheme, Merchandise Exports from India Scheme.

EXIM policy 2015-20In this post, common procedures applicable to MEIS, Merchandise Exports from India Scheme and SEIS are explained other than specifically mentioned. These common procedural features applicable to MEIS and SEIS under Foreign Trade Policy 2015-2020 includes jurisdictional RA, Facility for splits scrips, Import from private bonded warehouse, import from public bonded warehouse, transitional arrangements etc. are explained. This information under Foreign Trade Policy helps exporters to claim MEIS and SEIS benefits against exports from India.

Jurisdictional RA / RA Concerned

Applicant shall have option to choose Jurisdictional RA on the basis of Corporate Office/ Registered Office/Head Office / Branch Office address endorsed on IEC for submitting application/applications under MEIS, Merchandise Exports from India Scheme. This option need to be exercised at the beginning of financial year. Once an option is exercised, no change would be allowed for claims relating to that year. To illustrate, if an exporter has chosen RA Chennai for claiming rewards for exports made in 2015-16,then all claims for exports made in 2015-16, irrespective of the date of application shall be made to RA Chennai only.

Facility for Split Scrips

On request, split certificates of Duty Credit Scrip subject to a minimum of Rs. 5 Lakh each and multiples thereof may also be issued, at the time of application. Once Duty Credit Scrip has been issued, request for splits can be permitted with same port of registration as appearing on the original Scrip. The above procedure shall be applicable only in respect of EDI enabled ports. In case of export through non-EDI ports, the facility of splits shall not be allowed after issue of Scrip.

Import from private / public Bonded warehouses

Entitlement can be used for import from private / public bonded warehouses subject to fulfillment of paragraph 2.36 of FTP and terms and conditions of Department of Revenue notification.

Transitional Arrangement

For the goods exported or services rendered up to the date of notification of current Foreign Trade Policy, which were otherwise eligible for issuance of scrip under erstwhile chapter 3 of the earlier Foreign Trade Policy(ies) and scrip is applied on or after the date of notification of current Foreign Trade Policy against such export of goods or services rendered, the application shall be made to Jurisdictional RA in the form with documents as prescribed in the hand book of procedures v I of Foreign Trade policy 2009-2014.

Up to 30th June 2015, applicants in respect of exports on which FPS/MLFPS/FMS/VKGUY/SFIS are claimed, shall have a choice to file applications in the manner prescribed in the previous policy(ies) or in the manner given in paragraph 3.01 or paragraph 3.04, as applicable, of HBP 2015-20. From 1st July 2015, all such applications shall be submitted in the manner given in paragraph 3.01 or paragraph 3.04, as applicable, of HBP 2015-20 only.

Applicants for MEIS, Merchandise Exports from India Scheme and SEIS, Service Exports from India Scheme shall continue to file application in respect of SHIS, IEIS and Agri Infrastructure incentive scheme scrip in the application form and manner prescribed in the previous policy (ies).

Applicability of Provisions contained in Chapter 2 and 9 of HBP under FTP 2015-20

Provisions contained in Chapter 2 and 9 of this HBP shall apply to MEIS, Merchandise Exports from India Scheme and for SEIS, Service Merchandise Exports from India Scheme.

In this post, common procedures applicable to MEIS and SEIS are explained other than specifically mentioned. These common procedural features applicable to MEIS and SEIS under Foreign Trade Policy 2015-2020 includes jurisdictional RA, Facility for splits scrips, Import from private bonded warehouse, import from public bonded warehouse, transitional arrangements etc. are explained. This information under Foreign Trade Policy helps exporters to claim MEIS and SEIS benefits against exports from India.

Also read:
Service Exports from India Scheme (SEIS)
Common guidelines to exporters to claim SEIS and MEIS
Who are eligible for SEIS, Service Exports from India Scheme?
Who are not eligible to claim scheme under SEIS?
List of eligible exporters for SEIS, Service Exports from India Scheme
How to utilize duty scrip issued under MEIS and SEIS?

 

Also read:SEIS Scheme under Foreign Trade Policy 2015-2020

 

 

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