Provision for claiming additional benefits under MEIS for HS Codes for which rates were enhanced with a retrospective effect
Provision for claiming additional benefits under MEIS for HS Codes for which rates were enhanced with a retrospective effect.
(To be published in the gazette of India extraordinary part-1 section-I) Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Public Notice No. 2% /2015-2020 New Delhi, dated sth August, 2019
Subject: Provision for claiming additional benefits under MEIS for HS Codes for which rates were enhanced with a retrospective effect.
In exercise of powers conferred under paragraph 1.03 and 2.04 of the Foreign Trade Policy 20152020, the Director General of Foreign Trade hereby makes the following amendments in Appendix 3B, Table 2 as notified vide Public Notice 02 dated 01.04.2015.
2. The para 9.03 is amended as below:
Existing Para 9.03 (as amended Amended Para 9.03 vide Public notice 16 dated 28.06.2018 9.03 Supplementary Claims 9.03 Supplementary Claims Wherever any application for (i) Wherever any application for supplementary supplementary claim is received, claim is received, within specified time limits, such within specified time limits, such application may also be considered after imposing a application may also be considered cut @2% on the entitlement. after imposing a cut @2% on_ the entitlement. However, no (ii) Supplementary claims would be admissible under supplementary claims for scrips MEIS, only for certain HS Codes, for which rates under chapter 3 of the FTP 2015under MEIS have been enhanced with a retrospective 20 would be admissible effect based on guidelines issued in this regard. In such cases, the supplementary cut @2% as in 9.03 (i) above shall not be applied. (i11) Supplementary claim under chapter 3 of the FTP 2015-20 for any other reason would not be admissible.
Effect of Public Notice: A provision enabling issue of additional benefits under MEIS for HS Codes, for which enhanced rates under MEIS were notified with a retrospective effect,{ has been incorporated in the Handbook of Procedure, 2015-20.
(Alok Va n Chaturvedi) Director eral of Foreign Trade E-mail: dgft@nic.in
(Issued from File No. 01/61/180/ 65/AM19/PC-3)
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