Home India Ministry of Commerce and Industry In exercise of powers conferred under paragraph 1 03 of the ...
Date: 2018-12-17 Category: Extra Ordinary State: Union Government Country: India

In exercise of powers conferred under paragraph 1 03 of the Foreign Trade Policy 2015 2020

Issued by Ministry of Commerce and Industry · Department of Commerce

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Executive Summary & Key Takeaways

**Executive Summary:** This public notice, issued by the Directorate General of Foreign Trade on December 17, 2018, announces amendments to Appendix 3B, Table 2 of the Merchandise Exports from India Scheme (MEIS). The notice incorporates new HS codes for specific vegetable oils and clarifies the conditions for receiving MEIS benefits, effective from the date of publication. **Key Points / Main Content:** * **Amendments to MEIS Appendix 3B, Table 2:** * The following HS Codes are added to the list: * 8058 (15159010): Fixed Vegetable Oils of Sal and Kokam (MEIS rate: 5%) * 8059 (15159040): Fixed Vegetable Oil, Mango Butter cultivated (MEIS rate: 5%) * **Inclusion in Public Notice 62:** * The above two MEIS entries are also added to the Annexure of Public Notice 62 dated February 16, 2018, effective from the date of publication of this notice. * **Condition for MEIS Benefits:** * MEIS benefits will only be granted if the description of the exported items in the Shipping Bill matches the description in Table 2 of Appendix 3B. * **Effective Date:** * The changes are effective for exports made from the date of publication of this Public Notice. **Impact Analysis** * **Exporters of Sal Oil, Kokam Oil, and Cultivated Mango Butter:** * *Impact:* Eligible for MEIS benefits at a rate of 5% for exports made from the date of the notice's publication, provided the shipping bill description matches Appendix 3B, Table 2. * *Action Required:* Ensure that shipping bills accurately describe the exported goods as per the specified descriptions in Appendix 3B, Table 2 to claim MEIS benefits.

Key Entities Referenced

Director General of Foreign Trade: The authority responsible for making amendments to Appendix 3B Table 2 of the Merchandise Exports from India Scheme (MEIS). Foreign Trade Policy 2015-2020: The policy under which the Director General of Foreign Trade exercises powers to make amendments. Paragraph 1.03 of this policy is specifically mentioned. Merchandise Exports from India Scheme (MEIS): A scheme related to export of goods from India, specifically Appendix 3B, Table 2, which is the subject of amendments in the notification. Appendix 3B, Table 2: A specific appendix and table within the Merchandise Exports from India Scheme (MEIS) that is being amended to include new HS codes and descriptions. Public Notice 61/2015-20: An existing Public Notice dated 07.03.2017 that is being amended. HS Codes: Harmonized System codes for specific exported goods. The notice incorporates new HS codes into the MEIS Appendix 3B, Table 2. Sal Oil, Kokam Oil: Specific fixed vegetable oils that are made eligible for MEIS benefits at the rate of 5%. Mango Butter: A specific fixed vegetable oil that are made eligible for MEIS benefits at the rate of 5%.
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