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Benefit for Indian Made Foreign Liquor Export

Kuppusamy S (40 Points)

05 February 2019

is there any benefit points in the current budget for Indian Made foreign liquor export

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RAMESH KUMAR VERMA (Exim Officer) (5951 Points)
Replied 05 February 2019

DGFT Incentive for MEIS Licence is 2% and 0.15 % duty drawback.

Kuppusamy S (40 Points)
Replied 05 February 2019

MEIS means, is it same as FM'S (Focus Marketing scheme), I request you, please clarify.

RAMESH KUMAR VERMA (Exim Officer) (5951 Points)
Replied 05 February 2019

Merchandise Exports from India Scheme (MEIS) under Foreign Trade Policy of India (FTP 2015-20) is one of the two schemes introduced in Foreign Trade Policy of India 2015-20, as a part of Exports from India Scheme. (The other scheme is SEIS, Service Exports from India Scheme).

The Government of India has brought in the Merchandise Exports Incentive Scheme (MEIS), replacing five other similar incentive schemes present in the earlier Foreign Trade Policy 2009-14. The schemes that have been replaced by the MEIS scheme include:

Focus Product Scheme (FPS)
Focus Market Scheme (FMS)
Market Linked Focus Product Scheme (MLFPS)
Agri. Infrastructure incentive scheme
Vishesh Krishi Gramin Upaj Yojna (VKGUY)

As per the present FTP, the MEIS scheme does not aim to merely replace these five schemes but also aims to rationalize the incentives and enlarges their scopes by removing various restrictions.