Ceiling/Cap on MEIS benefits available to exporters on exports made from 01.09.2020 to 31.12.2020
September 2, 2020
Members of the Council
Subject: Ceiling/ cap on MEIS benefits available to exporters on exports made from 01.09.2020 to 31.12.2020
The DGFT has issued a Notification No. 30/2015-20 dated 1.9.20 stating the following.
- A limit on total reward under ME1S has been imposed so that for exports made in the period 01.09.2020 to 31.12.2020 the total reward which can be claimed by an IEC holder does not exceed the ceiling of Rs. 2 Crore.
- Further, it has also been notified that any IEC holder who has not made any exports for a period of one year preceding 01.09.2020 or any new IECs obtained on or after the date of publication of this Notification would not be eligible for submitting any claim under
- In addition, it has been notified that MEIS Scheme is withdrawn with effect from 01.01.2021.
- The aforesaid ceiling will be subject to further downward revision to ensure that the total claim under MEIS for the period (01.09.2020 to 31.12.2020) does not exceed the prescribed allocation by the Government, which is Rs 5,000 Cr.
Members may kindly note the above.
Thanks & regards,