The Indian Iris Government Policies | Government Schemes | Government of India | State Government
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
