DGFT notifies Mechanism to apply for additional claims under MEIS
New Delhi, Aug 8 (KNN) Directorate General of Foreign Trade (DGFT) in a notification notified Mechanism to apply for additional claims under Merchandise Export from India Scheme (MEIS) for certain HS codes for which-enhanced rates with retrospective effect were applicable.
The Directorate has notified higher rates for certain HS Codes during the Mid Term Review of the Policy, for export made from November 1, 2017.
“Certain exporters had realized payment for exports made on or after 01.11.2017 after having made exports under those HS Codes and have also claimed MEIS benefits from the Directorate, before the said Public Notices were notified,” said DGFT.
DGFT in a trade notice has asked such exporters to claim the differential 2% rates as enhanced.
Difficulties, if any, in the implementation of the mechanism may be brought to the notice of this Directorate, said the DGFT notice.