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Exports to nepal and bhutan- export benefits?

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 May 2016 We are exporting engineering goods to Bhutan and Nepal and receiving payment in INR. Can we claim export benefits against such exports under chapter 3 of FTP. A plain reading of the MEIS scheme focuses on free foreign exchange (para 3.04). Kindly advice

27 July 2016 As mentioned in Paragraph 3.04 of Foreign Trade Policy 2015-2020, the reward under MEIS is admissible on the FOB value of exports realized in Free Foreign Exchange only.

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 July 2016 Thank You Sir. That Means no incentive if payment is made in INR.




28 July 2016 Yes.You are correct.



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