Ministry of Commerce & Industry notifies amendment in MEIS rates

Ministry of Commerce & Industry has notified amendments in MEIS rates vide Public Notice No. 47/2015-2020 dated December 7, 2019.

Background:

Additional 2% rate under MEIS was notified for certain entries/products vide –

  1. Public Notice 44 dated December 5, 2017
  2. Public Notice 02 dated May 1, 2018
  3. Public Notice 13 dated June 12, 2018
  4. Public Notice 28 dated August 8, 2018

These additional rates were further continued vide Public Notice 07 dated May 11, 2018.

Amendment:

The Directorate General of Foreign Trade has made certain changes in the Appendix 3B, Table 2 applicable for MEIS rates to the effect that, except for the MEIS entries/products listed in the Annexure to the said public notice, the additional 2% benefits under MEIS referred above, will be available for exports with Let Export date till December 31, 2019 only.

Read more at: http://dgft.gov.in/sites/default/files/PN47_0.pdf

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