Global Trade Alert
Global Trade Alert

India: Amendments to merchandise export incentive scheme of foreign trade policy 2015-2020 and subsequently extended for year 2020-2021 due to the COVID-19 pandemic

Announcement

14 Jul 2015

On 14 July 2015, the Ministry of Commerce & Industry through Public Notice No. 27/2015-2020 introduced the following amendments to the Merchandise Exports from India Scheme (MEIS). The MEIS provides incentives on product exports, ranging from 2% to 5% based on the product and the country they are exported to.

On 31 March 2020, the Ministry of Commerce and Industry announced that the existing Foreign Trade Policy 2015-2020, which was to expire on 31 March 2020, will be extended till 31 March 2021.

On 1 September 2020, the Ministry announced that incentives under the MEIS will be available until 31 December 2020.

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Number of interventions

5

4 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

14 Jul 2015

Revocation date:

31 Dec 2020

Announced: 14 Jul 2015
Export subsidy
Incentives on exports were increased or introduced on the following products - Incentives on exports of birds eggs have been increased from 3% to 5% for all countries. Incentives on 63 products have ...
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Announced: 14 Jul 2015
Export subsidy
Incentives on 116 products have been extended on exports to Bangladesh and Sri Lanka in country group C at the rate of 2%, which was not available earlier for these countries. On 31 March 2020, the Mi...
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Announced: 14 Jul 2015
Export subsidy
The Merchandise Exports Incentive Scheme specifies incentives on exports based on the product line and the country of export, where the countries are classified in groups A, B and C. In the current no...
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Announced: 14 Jul 2015
Export subsidy
The Merchandise Exports Incentive Scheme specifies incentives on exports based on the product line and the country of export, where the countries are classified in groups A, B and C. In the current no...
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Implementation date

14 Jul 2015

Revocation date:

No revocation date

Announced: 14 Jul 2015
Export subsidy In force
Incentives on exports of 42 products were removed from the scheme. Further, incentives have been reduced on exports of Brazil Nuts Fresh/Dried Shelled from 5%, 5%, and 5% to 2%, 2% and 0% for countrie...
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