MEIS LICENSE SERVICES
Merchandise Exports from India Scheme (MEIS)
MEIS is an Incentive Scheme introduced in the Foreign Trade Policy of India (2015-2020). Incentive schemes are schemes which entitle the exporters to duty credit scrips subject to various conditions. The main objective of MEIS is to reduce inefficiencies caused by lack of infrastructure and the costs incurred while export of goods or products, which are produced or manufactured in India, especially those having a high export capacity, a good potential of employment and thus boosting India’s export competitiveness.
Appendix 3B – MEIS Schedule
It provides with a list of countries with ITC (HS) code wise list of products with reward rates in %. The benefit under this scheme ranges from 2% to 5% on FOB Value which depends on the country to which the goods are exported. The list of export categories/sectors which is ineligible for Duty Credit Scrip entitlement has been notified unless such categories/sectors are specially notified in Appendix 3B
Nature of Rewards
These scrips can be used for payment of Basic Customs Duty at the time of import of goods, including notified capital goods.
Duty credit scrips are transferable, i.e., they can be sold in the market, if the holder of the duty credit scrip does not intend to import goods against the scrips.
Under MEIS, exports of notified goods/products to notified markets shall be eligible for rewards at specified rates. Unless otherwise specified, the basis of calculation of rewards would be calculated viz –
On realised FOB value of exports in free foreign exchange, or
On FOB value of exports as given in the Shipping Bills in free foreign exchange .
Our company provides consultancy and services related to Customs and DGFT and has amassed abundant expertise over the years in the field of DGFT Consultancy Services. We provide very alfa service at the most competitive prices. We aim to provide all services required by the exporter under one roof. Our MEIS License Services include the following:
Preparation of documentation to provide a hassle-free process & easy to prepare application.
Preparation and submission of online applications under the scheme, and obtaining the license from DGFT.
Assistance in the registration of the license at Customs. And sale to the concerned buyer.
Assistance for preparing documents to Transfer the License to eligible buyer through Sale or for Purchase of License from Sellers.
Provide consultancy to the exporter to confirm the eligible benefit for their product and the country to whom they export.
Updating the clients with regular policy amendments of rules and regulations of the Foreign Trade Policy by for effective Compliance.
Warehouse management is one of our core competencies and an integral part of the supply chain management we offer.
We offer our custom clearance services to many reputed companies in the country.
Our Freight management services are designed to fit the exact requirements you have, irrespective of how large or small your shipments may be
Optimizing your transportation and distribution network can minimize transportation costs with in-depth analysis and strategic planning.
From the time we collect your shipment to its arrival at your chosen destination, We takes care of everything for you.
Apart from our standard services, we also reach out to clients to help them for special projects and needs with our value added services and personalized consultancy.