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Regarding United Kingdom being added on the e-COO Platform under Electronic Issuance of Preferential Certificate of Origin (CoO), for India’s Exports to UK under Generalised Scheme of Preferences (GSP)
DGFT has imposed the ceiling /cap of claim on MEIS incentive for the exports made from 01.09.2020 to 31.12.2020
(The above ceiling may be subject to downward revision to ensure that total claim under the scheme for the period 01.09.2020 to 31.12.2020 is not exceeding prescribed government allocation of Rs. 5,000 Cr.)
- The Total reward under MEIS will not exceed Rs. 2 Crore per IEC for exports made during the period 01.09.2020 to 31.12.2020
- New IEC Obtained on or after 01.09.2020 will not be eligible for MEIS exports made with effect from 01.09.2020
- IEC holders who have not done any exports for a period of one year preceding 01.09.2020 will not be eligible for claiming under MEIS.
- MEIS scheme will not be available for exports made with effect from 01.01.2021