The Directorate General of Foreign Trade (DGFT) has clarified that the benefits under the Merchandise Exports from India Scheme (MEIS) for any item/tariff line/HS Code currently will be available only up to December 31, 2020.
DGFT said that it had been receiving queries from the members of the trade, as to in what manner benefits under MEIS will be available under the FTP beyond 31.03.20, the then envisaged end date of the FTP 2015-20, which has since been extended till 31.03.2021.
This was after the approval of the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme by Cabinet on March 13, 2020, to replace the ongoing MEIS scheme.
"It is clarified, without prejudice and subject to changes that may be deemed necessary in public interest from time to time that benefits under MEIS for any item/tariff line/HS Code currently listed in Appendix 3B, Table 2 (MEIS Schedule) will be available only up to 31.12.2020", DGFT said.
Prior to December 31, 2020, as and when an item/tariff line/HS code is notified to be covered under RoDTEP Scheme, it would at the same time be removed from coverage under MEIS.
A detailed operational framework for the Scheme for RoDTEP will be notified separately in consultation with Department of Revenue, Ministry of Finance.