Ministry has clarified that export incentive scheme MEIS has not been
discontinued from August 1 this year and an Interministerial consideration is
going on for continuation of 2 per cent increase for labour intensive sectors.
Merchandise Exports from India Scheme (MEIS), the Government provides duty
benefits depending on product and Country.
Rewards under MEIS scheme payable as
percentage of realised free-on-board value
the scheme are payable as percentage of realised free-on-board value and MEIS
duty credit scrip can be transferred or used for payment of a number of duties
including the basic customs duty.
has been confusion about MEIS/RoSCTL (Rebate of State and Central Taxes and
Levies). It is clarified that MEIS has not been discontinued w.e.f. 1.8.2019.
issues under Inter-Ministerial consideration are - continuation of 2 per cent
increase sanctioned w.e.f.1.11.2017 in labour intensive / MSME sectors,"
the Directorate General of Foreign Trade (DGFT) said in a tweet.
of MEIS for RMG and made-ups, continuation of RoSL with existing MEIS rates or
RoSCTL only for RMG & made-ups," it said.
It added that
the Government decision would be notified on these issues at the earliest.
"MEIS system has been blocked for LEO (Let Export Order) after 1.8.2019
till then." it added.