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Courtesy- www.fashionatingworld.com
Courtesy- www.fashionatingworld.com

Scheme  of Merchandizing Exports from India

Name of the scheme: Merchandize Exports from India (MEIS) Scheme

Purpose: Launched in April 2015, the MEIS provides duty reward to eligible textile and apparel categories to an extent of 2-5% of FOB value in the countries categorized later part of the scheme.

MEIS – Country List

Country Groups Country List Covered (Dated 1 st April, 2015) Amendments in Country List (Dated 14th July, 2015)
Category A Traditional Markets (30) – European Union (28), USA, Canada Norway, Switzerland, Iceland & Liechtenstein added
Category B   Hong Kong added
Category C Other Markets (70) * Norway, Switzerland, Iceland & Liechtenstein moved to Group A

* Hong Kong moved to Group B

MEIS – Reward Rate

Rewards for export of products shall be payable as percentage of realized FOB value:

Eligible Products Reward Rate Country Coverage as on 1st Apr, 2015 Amendment in Country Coverage (14th July, 2015) Updated Country Coverage (3 rd Nov, 2015)
HS Code 50-60: eligible lines 2% Cat. A – all countries Cat. B – only Japan Cat. A – all countries Cat. B –only Japan Cat. C – For 112 fabric lines, reward was extended to Bangladesh and Sri Lanka Cat. A – All countries Cat. B – All countries Cat. C – all countries
HS Code 61-63: eligible lines 2% Cat. A – all countries Cat. B – only Japan Cat. A – all countries Cat. B – only Japan Cat. A – All countries Cat. B – all countries
All handloom & handicraft items 5% All countries All countries All countries
All jute, ramie and coir based items 5% All countries All countries All countries

 For more information regarding the scheme, click here

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