Recently the Union Cabinet of India approved a new scheme, RoDTEP (Remission of Duties and Taxes on the Export Products) on 13th March 2020 replacing the existing MEIS (Merchandise Exports From India) Scheme. MEIS Scheme will be valid till 31st December 2020 and the RoDTEP will come into effect from 1st January 2021. [As...
The Government of India had launched the Advance Authorisation Scheme (AAS) under the Foreign Trade Policy to allow the duty-free import of inputs required to manufacture the export goods. The Advance License benefits can be availed by the Manufacturer exporter or a Merchant exporter tied with a supporting manufacturer. Application for getting an Advance...
There is a lot of confusion regarding the validity of the MEIS scheme, What is the last date to claim? When is it going to be replaced? From which date it has been discontinued? Etc. Exporters are worried because in these difficult situations they don’t want to lose any of the benefits that they are...
The Objective of the Advance License Scheme introduced under foreign trade policy is to provide duty-free raw materials and inputs required to manufacture the export products. The Manufacturer exporter or the Merchant exporter tied with supporting Manufacturers is eligible to take the benefits of the Advance Authorisation Scheme. The following exports are eligible to avail...
What do Export promotion schemes mean & Why are they important? As you all know that Exports play a major role in the economic development of a country. More the exports more will be the inward foreign remittance, more jobs & employment, lower current account deficit, and hence greater overall economic growth. Therefore, India needs...
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