To be published in the Gazette of India Extraordinary Part II Section 3, Sub Section (II)
Government of India
Ministry of Commerce & Industry
Department of Commerce
Udyog Bhawan, New Delhi
Notification No:
30/2015-2020
New Delhi, 1st September, 2020
Subject: Ceiling/ cap on
MEIS benefits available to exporters on exports made from 01.09.2020 to
31.12.2020
S.O.(E): In exercise of the powers conferred by Section 5 of the Foreign Trade
(Development and Regulation) Act, 1992 read with Para 1.02 of the Foreign Trade
Policy, 2015-20 and the enabling para` 3.13 of the FTP, the Central Government
hereby makes the following amendments in the Foreign Trade Policy 2015-20 with
immediate effect:
2. Two new paragraphs, 3.04A and 3.04B are inserted in the Foreign Trade Policy
as below:
"3.04 A
The total reward which may be granted to an IEC holder under the Merchandise
Exports from India Scheme (MEIS) shall not exceed Rs. 2 Crore per IEC on exports
made in the period 01.09.2020 to 31.12.2020 [period based on Let Export Order
(LEO) date of shipping bilks)]. Any IEC holder who has not made any export with
LEO date during the period 01.09.2019 to 31.08.2020 or any new IEC obtained on
or after 01.09.2020 would not be eligible for submitting any claim for benefits
under MEIS for exports made with effect from 01.09.2020. The aforesaid ceiling
may be subject to further downward revision to ensure that the total claim under
the Scheme for the period (01.09.2020 to 31.12.2020) does not exceed the
allocation prescribed by the Government, which is Rs 5,000 Cr.
3.04 B
Benefits under MEIS shall not be available for exports made with effect from
01.01.2021."
Effect of this Notification: A limit on total reward under MEIS has been
imposed so that for exports made in the period 01.09.2020 to 31.12.2020 the
total reward which can be claimed by an IEC holder does not exceed the ceiling
of Rs. 2 Cr. Further, it has also been notified that any IEC holder who has not
made any exports for a period of one year preceding 01.09.2020 or any new IECs
obtained on or after the date of publication of this Notification would not be
eligible for submitting any claim under MEIS. In addition, it has been notified
that MEIS Scheme is withdrawn with effect from 01.01.2021. The aforesaid ceiling
will be subject to further downward revision to ensure that the total claim
under MEIS for the period (01.09.2020 to 31.12.2020) does not exceed the
prescribed allocation by the Government, which is Rs 5,000 Cr.
(Amit Yadav)
Director General of Foreign Trade
Ex officio Additional Secretary to the Government of India
E-mail:dgft@nic.in
[File no. 01/61/180/288/AM20/PC-3
(Part-1)]
Refer vide:- Notification No. 58/2015-2020 Dt.07/03/2022