Benefit for Indian Made Foreign Liquor Export

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

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 The schemes that have been replaced by the MEIS scheme include: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.