Articles

After GST rollout on 1st July 2017, one of the key factors which impacted exports mostly was a reduction in the usability of duty credit scrips such as: Merchandise Export from India Scheme (MEIS) and Services Exports from India Scheme (SEIS) etc. These were the direct monetizable incentives given a...

The Government of India, since 01.04.2015, has been providing an incentive of 2-20% of the export value to the exporters through the scheme of MEIS. MEIS in the form of Duty Credit Scrips was being provided through DGFT office. The scrip can be used to pay basic customs duties and are freely trans...

Govt’s initiative to boost Indian Agriculture overseas introduced Transport and Marketing Assistance Scheme for specified agricultural products On 27.02.2019 Govt of India notified a Scheme for "Transport and Marketing Assistance" (TMA) for some specified Agriculture products which will not ...

As we wrote in our last article dt. June 13, there have been many pitfalls and also loose ends in the way the applications for Service Exports Incentive Scheme (SEIS) were being filed. Many service exporters were filing applications without proper knowledge of the category their services would fall ...

For past many months news has been surfacing in the media that those companies that have wrongly claimed services export benefits under the erstwhile Served From India Scheme (SFIS)  are being asked via DRI to repay the incentive amount to Govt. This incident which is not malignant on the companies...

Exporters who need to import Raw Material for their Export Product have traditionally been doing so using Advance Authorisation (AA) and thus getting the exemption on Basic Customs Duty(BCD) and additional duties like CVD, SAD etc. Since CVD/SAD could be taken the credit off and used in domestic sal...

The general perception is that the scrips that are issued to an exporter as an incentive against his exports of goods or services can be utilised to import any importable item. Many times importers use the scrips even for items for which it is not allowed, as it is not blocked by the customs softwar...

  Service Exporters got yet another bonanza when the Government announced that the SEIS scrips that they receive against their exports, will now be issued at the increased rates for the next financial year too. Ie. for FY 2018-19. Eligible Service Providers in India who receive their pa...

FTP 2015-20 Mid Term Review Unveiled Finally, the Mid-Term Review has now been released, by the Commerce Minister Suresh Prabhu on 5thDecember 2017 in a packed Ashoka Hotel hall. Government has tried to put some balm on the harassed exporters by increasing the incentives to various MSME sectors ...

Algerian Govt has directed to all its banks to suspend auto-debit instruction for imports for a list of items from 4th July 2017. This may create problems in payment realization for Indian exporters who have been sending their exports to Algeria even after 4th July without ensuring mandatory complia...