#MERCHANT EXPORTER FREE#

With effect from November 2, 2018, the rate of Interest Equalisation for MSME has been increased to 5%. The Government announced the Interest Equalisation Scheme 3% per annum for Pre and Post Shipment Rupee Export Credit with effect from 1st April, 2015 for 5 years available to all exports under 416 tariff lines and exports made by Micro, Small & Medium Enterprises (MSMEs) across all ITC(HS) codes. Ii) Brand Rate : As per application on the basis of data/documents Under this scheme products made out of duty paid inputs are first exported and thereafter refund of duty is claimed in two ways: The scheme is administered by Department of Revenue. Separate schemes exist for gems and jewellery sector for which FTP may be referred. DFIA shall be issued on post export basis for products for which SION has been notified. DFIA shall be exempted only from the payment of basic customs duty.

#MERCHANT EXPORTER FREE#

This shall only be issued for items having SION.Ģ.3 Duty Free Import Authorization (DFIA) SchemeĭFIA is issued to allow duty free import of inputs, with a minimum value addition requirement of 20%.

AA is issued either to a manufacturer exporter or merchant exporter tied to a supporting manufacturer(s).Ģ.2 Advance Authorization for annual requirementĮxporters having past export performance (in at least preceding two financial years) shall be entitled for Advance Authorization for Annual requirement. AA normally have a validity period of 12 months for the purpose of making imports and a period of 18 months for fulfillment of Export Obligation (EO) from the date of issue. Advance Authorization (AA) is issued for inputs in relation to resultant products as per SION or on the basis of self declaration, as per procedures of FTP. Under this scheme, duty free import of inputs are allowed, that are physically incorporated in the export product (after making normal allowance for wastage) with minimum 15% value addition. These schemes enable duty free import of inputs for export production with export obligation. S erv ice providers of notified services as per Appendix 3D are eligible for freely transferable duty credit scrip 5% of net foreign exchange earned. A new Scheme called Remission of Duties and Taxes on Exported Products (RoDTEP) has been introduced which shall refund the embedded duties suffered in export goods. List of eligible category under MEIS if exported through using e-commerce platform is available in Appendix 3C. Such duty credit scrips can be used for payment of basic custom duties for import of inputs or goods.Įxports of notified goods of FOB value upto Rs 5,00,000 per consignment, through courier or foreign post office using e-commerce shall be entitled for MEIS benefit. Under this scheme, exports of notified goods/ products to notified markets as listed in Appendix 3B of Handbook of Procedures, are granted freely transferable duty credit scrips on realized FOB value of exports in free foreign exchange at specified rate. Merchandise Exports from India Scheme (MEIS) Foreign Trade Policy 2015-20 and other schemes provide promotional measures to boost India’s exports with the objective to offset infrastructural inefficiencies and associated costs involved to provide exporters a level playing field.

Merchant exporter