The Products Exports from India Scheme (MEIS) is a duty-free scheme for export of products manufactured in India. It used to be introduced on 1 April 2015. The scheme is appropriate to all varieties of items, excluding prohibited and limited pieces, as indexed in Time table I and II of the International Business Coverage 2012-2015.
Products exports from India scheme (MEIS) is an export promotion scheme for Indian producers, exporters and repair suppliers. MEIS supplies obligation unfastened get entry to to Indian manufactured items for exports to international locations with which India does no longer have a bilateral Loose Business Settlement (FTA). The scheme has been presented with the target of offering an incentive for exports, thereby serving to within the expansion of exports and employment alternatives within the nation.
Everyone seems to be conscious that MEIS window for the entire years has expired now and the exporters are now not in a position to use for MEIS. So what’s to be executed if a few of your transport expenses have expired/lapsed because of any causes? Will you be capable of get get advantages on the ones transport expenses or no longer?
The solution is Sure, You’ll be able to nonetheless declare get advantages on the ones expired transport expenses by means of making use of to the Coverage Rest Committee (PRC Committee) at DGFT HQ, New Delhi and take a distinct approval.
So on this weblog, we can speak about about the entire instances that would possibly get cleared within the PRC committee and also you may be able to declare the advantages. Please learn the weblog throughout.
Case 1 – Cost learned inside 3 years from LEO Dt. however e-brc no longer uploaded by means of Banker on time.
As everyone is aware of, that e-brc is a compulsory file to be submitted for MEIS declare. On this case e-brc used to be no longer generated on time. It is a mistake/extend on a part of the banker and the exporter isn’t at fault, therefore, this sort of instances can get the approval from PRC committee.
Case 2 – Delivery Expenses No longer transmitted from Customs inside time, however now transmitted.
Likewise, on this example, the error/extend is at the a part of Customs/on-line gadget and there is not any fault of exporter. Such form of instances too can get approval. However the exporter has to ensure that the SB is now transmitted by means of the Customs and is to be had within the DGFT server for software.
Case 3 – IEC used to be in Alert or Defaulter Record (DEL Record), and now it’s not.
For the reason that DGFT gadget does no longer permit to make an software when the exporter is in DEL listing because of any causes. As soon as the Exporter clears the pending factor and is out of the DEL listing, then he can way the PRC Committee to get a distinct approval to say MEIS on the entire expired/lapsed Delivery Expenses.
Case 4 – Cost gained after 3 years from LEO Dt. Of Delivery Expenses
So what if Cost gained after 3 years from LEO Dt. Of Delivery Expenses, Most commonly the PRC committee is rejecting such instances for MEIS Declare, except there’s a very authentic reason why and benefit within the case.
Case 5 – Delivery Expenses expired because of untimely Closure of MEIS window
As all conscious, for a four-month software duration i.e. September 2020 to December 2020, the Closing date of software used to be 31st August 2022. So almost exporters were given simplest approx. 1.5 yrs. of time from the SB date to say the advantages. While RBI lets in cost to be learned until 3 yrs. from LEO Dt. What if the exporter has learned cost after 1.5 yrs., however inside 3 yrs. as in step with RBI prohibit? So in all such instances additionally, the exporter isn’t at fault and will observe to PRC committee for particular approval.
Over and above the entire above issues, if any authentic issue used to be confronted by means of the exporter, when it used to be made to shuffle between two government for purchasing the paintings executed, and for the time being the SB or Invoice of Export were given expired, then there’s benefit within the case and Rest could also be granted.
Expensive audience please be aware that those are simply the tips that we’re sharing and it does no longer ensure you any leisure. Without equal determination shall be taken by means of the PRC committee on a case to case foundation and on benefit.
How are we able to will let you?
We at Afleo Crew, are a workforce of DGFT & Customs Mavens having a wealthy enjoy of 10+ Years in Exim Consultancy & World Logistics. With our huge wisdom and enjoy on this box we will be able to constitute your case in entrance of the PRC Committee and make sure important particular approvals.
So do get involved with us for any of your necessities and our workforce shall be glad that can assist you.
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