DGFT incorporates the provisions enabling issue of additional benefits under MEIS for HS Codes under Handbook of Procedure, 2015-20

Aug 05, 2019 | by Avantis RegTech Legal Research Team


The Directorate General of Foreign Trade (DGFT) on August 05, 2019, has incorporated the provision for claiming additional benefits under Merchandise Exports from India Scheme (MEIS) for HS Code for which rates were enhanced with a retrospective effect in the Handbook of Procedure (HBP) 2015-20.

The following amendment in the Appendix 3B, Table 2 is as under:

Para 9.03 which talks about Supplementary Claims is amended:

Existing Para 9.03

Amended Para 9.03

Wherever any application for supplementary claim is received, within specified time limits, such application may also be considered after imposing a cur @ 2% on the entitlement. However, no supplementary claims for scrips under chapter 3 of the Foreign Trade Policy (FTP) 2015-20 would be admissible.

(i)         Wherever any application for supplementary claim is received, within specified time limits, such application may also be considered after imposing a cur @ 2% on the entitlement.

(ii)       Supplementary claims would be admissible under MEIS, only for certain HS Codes, for which rates under MEIS have been enhanced with a retrospective effect based in guidelines issued in this regard. In such cases, the supplementary cut @ 2% as in 9.03 (i) above shall not be applied.

(iii)     Supplementary claim under chapter 3 of the FTP 2015-20 for any other reason would not be admissible.

 

[Public Notice No. 23/2015-2020]


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