#ForeignTradePolicy2015-20 Participation in global value chain of the items falling under the #MEIS scheme:

1725 lines of Intermediate Goods - These goods become inputs in the manufacturing  of other countries and will strengthen backward manufacturing linkages which is vital for India’s participation in Global Value Chains.

 1109 lines of Capital Goods sector- will also strengthen Manufacturing Base in India.

 1730 lines of Consumer Goods sector- We hope a quantum jump in export from this sector with strengthening of Make in India Brand in near future

Duty Free Tariff Preference (DFTP) Scheme India has already extended duty free tariff preference to 33 Least Developed Countries (LDCs) across the globe. This is being notified under FTP.

#ForeignTradePolicy2015-20 #Vishakhapatnam and #Bhimavaram added as Towns of Export Excellence

#ForeignTradePolicy2015-20 Calicut Airport, Kerala and Arakonam ICD, Tamil Nadu have been notified as registered ports for import and export.

#makeInIndia In order to encourage manufacturing of capital goods in India, import under EPCG Authorisation Scheme shall not be eligible for exemption from payment of anti-dumping duty, safeguard duty and transitional product specific safeguard duty.

#ForeignTradePolicy2015-20 Imports against Advance Authorization shall also be eligible for exemption from Transitional Product Specific Safeguard Duty.

EOUs having physical export turnover of Rs.10 crore and above, have been allowed the facility of fast track clearances of import and domestic procurement.

 They will be allowed fast tract clearances of goods, forexport production, on the basis of pre- authenticated procurement certificate, issued by customs / central excise
authorities. They will not have to seek procurement permission for every import
consignment

A simplified procedure will be provided to fast track the de-bonding / exit of the STP/ EHTP units. This will save time for these units and help in reduction of transaction cost.

At present, EOUs/EHTP/STPI units are permitted to transfer capital goods to other EOUs, EHTPs, STPs, SEZ units. Now a facility has been provided that if such transferred capital goods are rejected by the recipient, then the same can be returned to the supplying unit, without payment of duty.

100% EOU units have been allowed facility of supply of spares/ components up to 2% of the value of the manufactured articles to a buyer in domestic market for the purpose of after sale services.

STP units, EHTP units, software EOUs have been allowed the facility to use all duty free equipment/goods for training purposes. This will help these units in developing skills of their employees.

#EOUs have been allowed facility to set up Warehouses near the port of export

EOUs have been allowed facility to set up
Warehouses near the port of export. This will
help in reducing lead time for delivery of
goods and will also address the issue of unpredictability
of supply orders.

#ForeignTradePolicy2015-20 Inter unit transfer of goods and services have been allowed among EOUs, EHTPs, STPs, and BTPs.

Inter unit transfer of goods and services have
been allowed among EOUs, EHTPs, STPs, and
BTPs. This will facilitate group of those units
which source inputs centrally in order to
obtain bulk discount. This will reduce cost
of transportation, other logistic costs and
result in maintaining effective #supply chain.

#ForeignTradePolicy2015-20#EOUs, #EHTPs and #STPs have been allowed to share infrastructural facilities among themselves.

#ForeignTradePolicy2015-20 DGFT is currently working on the new EDI initiatives:

Forthcoming e-Governance Initiatives

 DGFT is currently working on the following
EDI initiatives:
(i) Message exchange for transmission of
export reward scrips from DGFT to
Customs.
(ii) Message exchange for transmission of
Bills of Entry (import details) from
Customs to DGFT.
(iii) Online issuance of Export Obligation
Discharge Certificate (EODC).
(iv) Message exchange with Ministry of
Corporate Affairs for CIN & DIN.
(v) Message exchange with CBDT for PAN.
(vi) Facility to pay application fee using
debit card / credit card.
(vii) Open API for submission of IEC
application.
(viii) Mobile applications for FTP 

#ForeignTradePolicy2015-20 Online applications for refunds of #TED

Online applications for refunds:

 Online filing of application for refund of TED is being  introduced for which a new ANF has been created.

There will be no need to submit copies of permanent records/ documents (e.g. IEC, Manufacturing licence, RCMC, PAN etc.) repeatedly with each application, once uploaded.

#ForeignTradePolicy2015-20

Exporter Importer Profile: Facility has been
created to upload documents in
Exporter/Importer Profile. There will be no
need to submit copies of permanent records/
documents (e.g. IEC, Manufacturing licence,
RCMC, PAN etc.) repeatedly with each
application, once uploaded.

#ForeignTradePolicy2015-20 Now the #EPCG Authorization Holders shall be required to maintain records for a period of two years only.

At present, the EPCG Authorisation holders
are required to maintain records for 3 years
after redemption of Authorisations. Now the
EPCG Authorization Holders shall be required
to maintain records for a period of two years
only. Government’s endeavour is to gradually
phase out this requirement as the relevant
records such as Shipping Bills, e-BRC are
likely to be available in electronic mode
which can be archived and retrieved
whenever required.

#ForeignTradePolicy2015-20 no certificate from an independent Chartered Engineer for #EPCG redemption

Under EPCG scheme, obtaining and submitting a certificate from an independent Chartered Engineer, confirming the use of spares, tools, refractory and catalysts imported for final redemption of EPCG authorizations has been dispensed with. 

#ForeignTradePolicy2015-20 Self certification for approved Exporter Scheme by Status Holders

Manufacturers who are also Status Holders
will be enabled to self-certify their
manufactured goods as originating from
India with a view to qualify for preferential
treatment under different Preferential
Trading Agreements [PTAs], Free Trade
Agreements [FTAs], Comprehensive
Economic Cooperation Agreements [CECAs]
and Comprehensive Economic
Partnerships Agreements [CEPAs] which are
in operation. They shall be permitted to
self-certify the goods as manufactured as per
their Industrial Entrepreneur
Memorandum (IEM) / Industrial Licence
(IL)/ Letter of Intent (LOI).

#ForeignTradePolicy2015-20#EPCG Reduced Export Obligation (EO) for domestic procurement under EPCG scheme:

Specific Export Obligation under EPCG
scheme, in case capital goods are procured
from indigenous manufacturers, which is
currently 90% of the normal export
obligation (6 times at the duty saved amount)
has been reduced to 75%, in order to
promote domestic capital goods
manufacturing industry

Duty scrips fully transferable

(a) All scrips issued under MEIS and SEIS and the
goods imported against these scrips would be
fully transferable.

(b) Scrips issued under Exports from India
Schemes can be used for the following:-

(i) Payment of customs duty for import of
inputs / goods including capital goods,
except items listed in Appendix 3A.

(ii) Payment of excise duty on domestic
procurement of inputs or goods,
including capital goods as per DoR
notification.

(iii) Payment of service tax on
procurement of services as per DoR
notification.

(c) Basic Customs Duty paid in cash or through
debit under Duty Credit Scrip can be taken
back as Duty Drawback as per DoR Rules, if
inputs so imported are used for exports.

#ForeignTradePolicy2015-20 #Dutycreditscrips to be freely transferable and usable for payment of custom duty, excise duty and service tax.

#ForeignTradePolicy2015-20 Incentives (MEIS & SEIS) to be available for #SEZ

#ForeignTradePolicy2015-2020 #Service Exports from India Scheme (SEIS). SEIS shall apply to ‘Service Providers located in India’ instead of ‘Indian Service Providers’.

Served From India Scheme (SFIS) has been replaced with Service Exports from India Scheme (SEIS). SEIS shall apply to ‘Service Providers located in India’ instead of ‘Indian Service Providers’.

Thus SEIS provides for rewards to all Service providers of notified services, who are providing services from India, regardless of the constitution or profile of the service provider.

The rate of reward under SEIS would be based on net foreign exchange earned.

The reward issued as duty credit scrip, would no longer be with actual user condition and will no longer be restricted to usage for specified types of goods but be freely transferable and usable for all types of goods and service tax  debits on procurement of services / goods.

Debits would be eligible for CENVAT credit or drawback. 

#ForeignTradePolicy2015-20 #MEIS The debits towards basic customs duty in the transferable reward duty credit scrips would also be allowed adjustment as duty drawback.

Rewards for export of notified goods to
notified markets under ‘Merchandise Exports
from India Scheme (MEIS) shall be payable as
percentage of realized FOB value (in free
foreign exchange).

The debits towards basic
customs duty in the transferable reward duty
credit scrips would also be allowed
adjustment as duty drawback. At present,
only the additional duty of customs / excise
duty / service tax is allowed adjustment as
CENVAT credit or drawback, as per
Department of Revenue rules.

#ForeignTradePolicy2015-20 Markets Supported supported under MEIS

 Markets Supported  supported under MEIS

 Most Agricultural products supported
across the Globe.
 Industrial and other products supported in
Traditional and/or Emerging markets only.
21
D. High potential products not supported
earlier:
Support to 852 Tariff lines that fit in the
product criteria but not provided support in
the earlier FTP. Includes lines from Fruits,
Vegetables, Dairy products, Oils meals,
Ayush & Herbal Products, Paper, Paper
Board Products.
E. Global support has been granted to the
following category:
 Fruits, Flowers, vegetables
 Tea Coffee, Spices
 Cereals preparation, shellac, Essential oils
 Processed foods,
 Eco Friendly products that add value to
waste
 Marine Products
 Handloom, Coir, Jute, products and
Technical Textiles, Carpets Handmade.
Other Textile and Readymade garments
have been supported for European Union,
USA, Canada and Japan.
 Handicraft, Sports Goods
 Furniture, wood articles

#ForeignTradePolicy2015-20 Products supported under MEIS

Products supported under MEIS

Level of Support:

Higher rewards have been granted for the
following category of products:

 Agricultural and Village industry products,
presently covered under VKGUY.
 Value added and packaged products.
 Eco-friendly and green products that create
wealth out of waste from agricultural and
other waste products that generate
additional income for the farmers, while
improving the environment.
 Labour intensive Products with large
employment potential and Products with
large number of producers and /or
exporters.
 Industrial Products from potential winning
sectors.
 Hi-tech products with high export earning
potential.

#Export from India Schemes#MEIS

Export from India Schemes

 Merchandise Exports from India Scheme (MEIS)

Earlier there were 5 different schemes (Focus Product Scheme, Market Linked Focus Product Scheme, Focus Market Scheme, Agri. Infrastructure Incentive Scrip, VKGUY) for rewarding merchandise exports with different kinds of duty scrips with varying conditions (sector specific or actual user only) attached to their use. 

Now all these schemes have been merged into a single scheme, namely Merchandise Export from India Scheme (MEIS) and there would be no conditionality attached to the scrips issued under the scheme. The main features of MEIS, including details of various groups of products supported under MEIS and the country groupings are at Annexure-1. 

Notified goods exported to notified markets would be rewarded on realised FOB value of exports.

 Category A: Traditional Markets (30) - European Union (28), USA, Canada. 

Category B: Emerging & Focus Markets (139), Africa (55), Latin America and Mexico (45), CIS countries (12), Turkey and West Asian countries (13), ASEAN countries (10), Japan, South Korea, China, Taiwan, 

Category C: Other Markets (70). 

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