DGFT MEIS License
The merchandise export from India Scheme (MEIS) scheme is a newly launched incentive by government as a part of the new foreign trade policy which is applicable from 2015 to 2020. This new scheme goes on to replace 5 similar incentive schemes which were available earlier under the foreign trade policy 2014-19. The government has allocated more than Rs. 22,000 crore per annum for exports.
The new foreign trade policy for 2015-20 has refurbished the incentives and rewards for the merchandise exporters. The previous schemes that have been replaced by the new MEIS scheme include:
Focus Product Scheme (FPS)
Focus Market Scheme (FMS)
Market Linked Focus Product Scheme (MLFPS)
Agri. Infrastructure incentive scheme
Vishesh Krishi Gramin Upaj Yojna (VKGUY)
The aim of introduction of this scheme is to make India's products more competitive in the global market by providing incentive in the form of duty credit scrip to the exporter to compensate for his loss on payment of duties during trade. The incentive is paid as percentage of the attained FOB value (in free foreign exchange) for notified goods going to notified markets. In order to facilitate and assure your complete claim of the scheme, we provide you our trained MEIS consultants who will guide you through the process of MEIS license Registration for Customs. We offer the benefit of MEIS license Sale Purchase through our associated MEIS consultant who coordinate efficiently with you and the authorities.