Home India Ministry of Commerce and Industry Late cut for MEIS applications for exports made in the Finan...
Date: 2021-04-09 Category: Not Applicable State: Union Government Country: India

Late cut for MEIS applications for exports made in the Financial Year 2019-20

Issued by Ministry of Commerce and Industry · Directorate General Of Foreign Trade

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Executive Summary & Key Takeaways

**Summary:** This Public Notice, dated April 7, 2021, issued by the Director General of Foreign Trade (DGFT), Ministry of Commerce and Industry, provides a relaxation in late cut provisions for Merchandise Exports from India Scheme (MEIS) applications. Specifically, MEIS applications for shipping bills with a "Let Export" date between April 1, 2019, and March 31, 2020, can be submitted without any late cut up to September 30, 2021. After September 30, 2021, the standard late cut provisions as per para 3.15 a i of the Handbook of Procedures, 2015-2020 will apply. This notice aims to provide relief to exporters by allowing them to claim MEIS benefits for the specified period without incurring late cut penalties, provided the applications are submitted on or before September 30, 2021. For further information, contact the Director General of Foreign Trade at dgft@nic.in, referencing File no. 01/61/180/288/AM20/PC-3 Part 1.

Key Entities Referenced

Directorate General of Foreign Trade: A department under the Ministry of Commerce and Industry, responsible for implementing the Foreign Trade Policy. Foreign Trade Policy 2015-2020: The prevailing foreign trade policy during the period relevant to the public notice. MEIS: MEIS refers to Merchandise Exports from India Scheme. This notification provides relaxation for late cut in MEIS applications. Financial Year 2019-20: The financial year for which the late cut relaxation for MEIS applications is applicable. Handbook of Procedures, 2015-20: A document providing detailed procedures related to the Foreign Trade Policy 2015-2020. Amit Yadav: Director General of Foreign Trade and Ex-Officio Additional Secretary to the Government of India. The signing authority for the Public Notice. New Delhi: Location of Udyog Bhawan, the office of the Directorate General of Foreign Trade. Shipping bills: Shipping bills with Let Export date from 01.04.2019 to 31.03.2020 are provided with a relaxation in the late cut provisions.
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To be published in the Gazette of India Extraordinary Part-I, Section (1) Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi Public Notice No. 5 3 /2015-2020 Dated the 7 April 2021. Subject: Late cut for MEIS applications for exports made in the Financial Year 2019-20 In exercise of powers conferred under paragraph 1.03 of the Foreign Trade Policy (2015- 2020), the Director General of Foreign Trade hereby inserts in the Handbook of Procedures, 2015-20 at the end of para 3.15 (a) as below: “Further, MEIS applications for Shipping bills with Let Export date from 01.04.2019 to 31.03.2020 can be submitted without any late cut upto 30.09.2021. However any such application submitted after 30.09.2021, the last date for submitting applications shall be as per para 3.15 (a) (i) above and late cut applied accordingly. “ Effect of this Public Notice: A relaxation in the late cut provisions have been provided for Shipping bill (s) of the period 01.04.2019 to 31.03.2020 , so that if such shipping bills are submitted on or before 30.09.2021, for an MEIS claim, no late cut would be applicable. re. \sas Otloulro21 (Amit Yadav) Director General of Foreign Trade Ex-Officio Additional Secretary to the Government of India Email: dgft@nic.in [Issued from File no. 01/61/180/288/AM20/PC-3 (Part 1)]

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