Home India Ministry of Commerce and Industry The Foreign Trade Policy 2015 2020 the Director General of F...
Date: 2018-06-12 Category: Extra Ordinary State: Union Government Country: India

The Foreign Trade Policy 2015 2020 the Director General of Foreign Trade hereby makes the following amendments in the Appendix 3B of MEIS issued earlier by this Directorate and amended from time to time.

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, amends Appendix 3B of the Merchandise Exports from India Scheme (MEIS) concerning the eligibility of Indian Mackerel. It incorporates specific HS codes for Indian Mackerel (Rastrelliger Kanagurta) to Table 2 of Appendix 3B, effective July 1, 2018. The notice also clarifies MEIS incentive rates for exports made during different periods. Key Points / Main Content: Amendments to MEIS Appendix 3B: Effective Date: July 1, 2018. Inclusion: Indian Mackerel (Rastrelliger Kanagurta) added to Appendix 3B, Table 2. New MEIS Numbers: 8019 (HS Code 03024900): Indian Mackerel Rastrelliger Kanagurta, MEIS Rate 7%. 8020 (HS Code 03035900): Indian Mackerel Rastrelliger Kanagurta, MEIS Rate 7%. Shipping Bill Requirements: MEIS benefits granted only if the shipping bill description matches Table 2 of Appendix 3B. MEIS Incentive Rates for Indian Mackerel Exports (Prior Periods): Applicability: Any HS Code in Chapter 03 of the ITC HS 2012-2017. April 1, 2015 – October 31, 2017: MEIS incentive at 5%. November 1, 2017 – June 30, 2018: MEIS incentive at 7%. Effect of the Public Notice: Eligibility Period: Exports from April 1, 2015, to June 30, 2018, are eligible for MEIS benefits under any HS Code of 2012-2017. Post-July 1, 2018 Exports: Only eligible under Serial Numbers 8019 and 8020 of Table 2, Appendix 3B. Impact Analysis: Exporters of Indian Mackerel: Impact: Changes in MEIS eligibility criteria and rates for Indian Mackerel exports based on the period of export. Action Required: Ensure shipping bill descriptions align with Appendix 3B, Table 2 for exports made on or after July 1, 2018, to claim MEIS benefits. Review eligibility criteria based on export dates between April 1, 2015 and June 30, 2018. Directorate General of Foreign Trade (DGFT): Impact: Responsible for implementing and monitoring the amended MEIS policy. Action Required: Enforce the new guidelines for MEIS benefits related to Indian Mackerel exports. Customs Authorities: Impact: Responsible for verifying the descriptions of export items in shipping bills. Action Required: Ensure that the description of Indian Mackerel in the shipping bill aligns with the description in Table 2 of Appendix 3B to grant MEIS benefits.

Key Entities Referenced

Foreign Trade Policy 2015-2020: A policy document related to foreign trade. Appendix 3B: An appendix to the Foreign Trade Policy 2015-2020, specifying details related to Merchandise Exports from India Scheme (MEIS). Directorate General of Foreign Trade: The issuing authority for the public notice, responsible for foreign trade regulations. Merchandise Exports from India Scheme: A scheme to promote exports from India by providing incentives. Indian Mackerel Rastrelliger Kanagurta: A specific type of fish that is the subject of the public notice regarding export benefits. ITC HS 2012-2017: Indian Trade Clarification based on Harmonized System of Coding. Used for classifying goods in import and export. Ministry of Commerce and Industry: The ministry under which the Department of Commerce and Directorate General of Foreign Trade operate. Alok Vardhan Chaturvedi: Director General of Foreign Trade.
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