Port of Registration of Scrips for MEIS and SEIS under FTP 2015-20
Here, port of registration of scrips for SEIS and MEIS is explained. The exporters may follow these details mentioned under Foreign Trade Policy 2015-20 to claim for MEIS or SEIS against their exports.
The Port of Registration under MEIS, Merchandise Exports from India Scheme would be as follows:
Duty Credit Scrip (including splits) under MEIS, Merchandise Exports from India Scheme shall be issued with a single port of registration which shall be the port of export.
Duty credit scrip needs to be registered at the port of exports. This is to be done prior to allowing usage of duty credit. Once registered at EDI port, scrip can be automatically used at any EDI port for import and at any manual port under Telegraphic Release Advise (TRA) procedure.
In case port of registration is a manual port, TRA shall be required for imports at any other port.
In case of scrip applied under Service Exports from India Scheme, the applicant can choose any port as port of registration and mention it in the application at the appropriate column. RA will issue the scrip with such port of registration. Such Duty credit scrip needs to be registered at the port of registration of duty credit. Once registered at EDI port, scrip can be automatically be used at any EDI port for import and at any manual port under Telegraphic Release Advise (TRA) procedure. In case port of registration is a manual port, TRA shall be required for imports at any other port. 80
The above details about port of registration of scrips for SEIS and MEIS help exporters to apply for benefits under MEIS and SEIS. The exporters may follow these details mentioned under Foreign Trade Policy 2015-20 to claim for MEIS or SEIS against their exports.
You may share your thoughts and experience in applying and obtaining claim of MEIS or SEIS.
The above information is a part of Import Export online Training
Also read:SEIS Scheme under Foreign Trade Policy 2015-2020
Comment below your thought about MEIS/SEIS scheme under Foreign Trade Policy 2015-2020.
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The information provided here is part of Export Import Training online
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