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.
Source
Sign in to access
Number of interventions
5
4 certainly harmful
0 likely harmful
1 liberalising
List of interventions
1 in force
Implementation date
14 Jul 2015
Revocation date:
No revocation date
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...
Sign in to see more
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...
Sign in to see more
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...
Sign in to see more
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 ...
Sign in to see more
Implementation date
14 Jul 2015
Revocation date:
No revocation date
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...
Sign in to see more
Related State Acts
04 May 2016
India: Incentives extended to additional markets under products export incentive scheme (extended due to the COVID-19 pandemic)
23 Oct 2017
India: Extension of validity of duty credit scrips issued under export incentive schemes (extended due to the COVID-19 pandemic)
01 Sep 2020
India: Benefit under export incentive scheme capped
Threads
See all
This state act is not part of any Thread yet.