17 September 2015
Government issues the Merchandise export incentive scheme. giving export incentives to various country based on A B and C group
please let me know whether mention on shipping bill and invoice is sufficient to avail the benefit or there is some process to obtained such benefit
Refer to Para 3.14 of Hand book or procedure 2015-2020 Declaration of Intent on shipping bills for claiming rewards under MEIS including export of goods through courier or foreign post offices using e-Commerce.
(a) Export shipments filed under all categories of the Shipping Bills would need the following declaration on the Shipping Bills in order to be eligible for claiming rewards under MEIS: “ We intend to claim rewards under Merchandise Exports From India Scheme (MEIS)”. Such declaration shall be required even for export shipments under any of the schemes of Chapter 4 (including drawback), Chapter 5 or Chapter 6 of FTP. In the case of shipping bills (other than free shipping bills), such declaration of intent shall be mandatory with effect from 1st June 2015.
17 September 2015
I want to add something more which is also necessary for claiming the incentives, that is at the time of filing Shipping bill, option for reward scheme should be YES. otherwise your shipping bill will not be shown on DGFT server. and You have to re transmit the same for claiming the refund.
CAclubindia
