Marking of tick in appropriate boxes mandatory in EDI shipping bills to claim MEIS benefit: DGFT
New Delhi, May 17 (KNN) Making amendment in the Foreign Trade Policy 2015-20, Director General of Foreign Trade, said that marking of ‘Y’ in the EDI generated Shipping Bills by Exporters would be treated as declaration of intent to claim MEIS benefit.
Amending Paragraph 3.14 of the Handbook of Procedures 2015-20 for Procedure for Declaration of Intent on EDI and Non EDI shipping bills for claiming rewards under MEIS including export of goods through courier or foreign post offices using e-Commerce, DGFT said, “EDI Shipping Bills: Marking/ ticking of “Y’ (for Yes) in “Reward” column of shipping bills against each item, which is mandatory, would be sufficient to declare intent to claim rewards under the scheme.
In case the exporter does not intend to claim the benefit of reward under Chapter 3 of FTP exporter shall tick “N’ (for No). Such marking/ticking shall be required even for export shipments under any of the schemes of Chapter 4 (including drawback), Chapter 5 or Chapter 6 of FTP.”
Further, it said, “In the case of non-EDI Shipping Bills, Export shipments would need the following declaration on the Shipping Bills in order to be eligible for claiming rewards under MEIS: “ We intend to claim rewards under Merchandise Exports From India Scheme (MEIS)”. Such declaration shall be required even for export shipments under any of the schemes of Chapter 4 (including drawback), Chapter 5 or Chapter 6 of FTP.”
The marking of tick in the appropriate tick boxes are mandatory in EDI shipping bills, said DGFT. (KNN Bureau)