MEIS Scheme (DGFT)- Merchandise Exports From India Scheme

The government aims to increase export under the new five-year Foreign Trade Policy, in order to provide incentives to the exporters of goods and services. The schemes like- MEIS scheme (Merchandise Export Incentive Scheme ) and SEIS scheme are introduced. The scheme aimed to offset infrastructural inefficiencies and associated costs involved in export of goods/services. Merchandise Exporter ( including SEZ Units and EOU Units not availing Direct Taxation benefits ) is covered under the MEIS scheme DGFT which is eligible for rewards in the form of ‘Duty Credit Scrip’s. Duty credit scrip is freely transferable and can be used for the payment of excise duty, custom duty and service tax. Incentives range from 2% to 5% which is valid for 18 months from the date it is issued and must be valid on the date on the date on which actual debit of duty is made. The incentive and rewards are given under this scheme varies from product to product and from country to country.

How we assist you to get the MEIS License to avail the MEIS Scheme Benefits?

Startup Services India assist you under Exim policy and also guides you for MEIS application, in complying requirements to get MEIS License and avail the MEIS Scheme Benefits (Merchandise Export Incentive Scheme). We help you to prepare collation of documents, Finalization of application & Customs and also assist you to submit the original documents .The documents which are not required to be submitted in original shall be retained by the applicants for a period of 3 years and Licensing Authority call such document in original at any time within 3 years. We assist clients to understand these conditions and help prepare the correct set of documents which will entitle them to achieve their goal.

SEIS Scheme ( Service Export from India Scheme ) is Beneficial for your Business:

The SEIS Scheme i.e. "Service Export from India Scheme" which was introduced under the Foreign Trade Policy to provide incentives to exporters of Notified services. Interlink Capital assist our clients in getting the said benefits under FTP. The benefit under SEIS scheme is linked to the foreign exchange earnings from the Notified services. Under this Scheme, Service providers of Notified Services will be eligible for rewards in the form of 'Duty Credit Scrip’s'. The incentive under SEIS Scheme DGFT is at the rate of 3% and 5% of the Net Foreign Exchange earned from Notified Services.

How we can help you to avail the benefits of SEIS Benefits DGFT:

Startups Services India helps you in evaluating the applicability of SEIS Scheme (Service Exports from India scheme) Scheme to the Business operations and also assist you in eligibility of exports and value of Scrip and help clients in availing the SEIS Benefits. We also help our clients for SEIS procedure and to prepare the SEIS application and compilation of supporting documents/ details to get SEIS approval The coordination and obtaining Scrip from the SEIS Authorities is on best efforts basis where we also assist you in negotiating and disposal of scrap and getting the best possible deal for you.