Simplification & Merger of Schemes
- 5 schemes merged into single scheme, namely Merchandise Export from India Scheme (MEIS)
- Reward under MEIS shall be payable as a percentage of realised FOB value in FFE
- Duty scrip will be fully transferable
- Duty scrip can be utilized for payment of customs duties, excise duty and service tax
- Reward under MEIS shall be extended to exports from SEZ
All Plastics Processing Machineries have been rewarded under Merchandise Export from India Scheme (MIES) at 2% incentive
Status Holders Categories
Status Category |
Export Performance* |
One Star Export House |
3 |
Two Star Export House |
25 |
Three Star Export House |
100 |
Four Star Export House |
500 |
Five Star Export House |
2000 |
*FOB/ FOR (as converted) value (in USD million) during current and previous two years |
Steps to Boost “Make in India”
- Reduced export obligation under EPCG scheme from 90% to 75%, if capital goods procured domestically
- Import under EPCG not be eligible from payment of ADD, SGD and transitional product specific safeguard duty
- High reward under MEIS for labour incentive sectors and products with high domestic content
- Online filing of document, paperless trade, customs clearance- 24X7
- Online inter ministerial consultations
- Simplification of procedures; increase in digitization
- EPCG authorization holders to maintain only 2 years records now; Govt.’s endeavour is to phase out record keeping
- Mobile number, Email ID, etc have been added as mandatory fields in IEC database, for better communication
SCOMET List
- The validity of SCOMET export authorization has been extended to 24 months
- Authorisations for repeat orders will be considered on automatic basis
- The verification of End User Certificate (EUC) will be simplified for SCOMET items exported under Defence Export Offset Policy
- Outreach programmes will be conducted at different locations to raise awareness among various stakeholders
Advance Authorization & Export Obligation
- Export Obligation (EO) period of 18 months may be extended by 6 months (upon request to RA) subject to payment of 0.5% composition fee. Further extension may be considered by RA only if authorisation holder has fulfilled minimum 50% export obligation
- Imports under Advance Authorisation shall be eligible for exemption from transitional product specific safeguard duty
- EO period falling in the category of defence, military store, aerospace and nuclear energy shall be 24 months (from the date as per FTP provisions)
E- Governance Initiatives DGFT working on
- Message exchange for transmission of export reward from DGFT to Customs
- Online issuance of EO Discharge certificate
- Message exchange with CBDT for PAN
- Facility to pay application fee using debit/ credit card
- Open API for submission of IEC application
More New Initiatives
- EOUs, EHTPs, STPs have been allowed to share infrastructural facilities
- Inter unit transfer of goods and services have been allowed among EOUs, EHTPs, STPs and BTPs
- EOUs have been allowed facility to set up warehouses near by port of export
- STP units, EHTP units, software EOUs have been allowed the facility to use all duty free equipments/ goods for training purposes
- 100% EOU units have been allowed facility of supply of spares/ components up to 2% of the value of the manufactured articles to a buyer in domestic market for the purpose of after sales services
- 5 years for positive NFE can be extended by 1 year under adverse market condition, for EOU units to achieve NFE targets
- Time period for validity of Letter of Permission (LOP) for EOUs/ EHTP/ STPI/ BTP units have been revised for faster implementation and monitoring of projects based on certain conditions
- Rejected transferred goods from EOUs/ EHTP/ STPI units to other EOUs, EHTPs, STPs and SEZ units can be returned to supplying unit without payment of duty
- Simplified procedure to fast track de- bonding/ exit of the STP/ ETP units
- EOUs having physical export turnover of Rs. 10 crore and above, have been allowed the facility of fast track clearances of import and domestic procurement
More Announcements
- Calicut Airport, Kerala and Arakonam ICD, Tamil Nadu have been notified as registered ports for import and export
- Duty free preference extended to 33 LDCs across the globe
- Vishakhapatnam and Bhimavaram in Andhra Pradesh have been announced as towns of export excellence in addition to 33 towns which were already recognized under the category
- A new chapter, namely Chapter on Quality Complaints and Trade Disputes has been incorporated in the Foreign Trade Policy
- A committee on Quality Complaints and Trade Disputes (CQCTD) is being constituted in 22 offices and would have members from EPCs/ FIEOs/ APEDA/ EICs
- 5 years for positive NFE can be extended by 1 year under adverse market condition, for EOU units to achieve NFE targets
- Time period for validity of Letter of Permission (LOP) for EOUs/ EHTP/ STPI/ BTP units have been revised for faster implementation and monitoring of projects based on certain conditions
- Rejected transferred goods from EOUs/ EHTP/ STPI units to other EOUs, EHTPs, STPs and SEZ units can be returned to supplying unit without payment of duty
- Simplified procedure to fast track de- bonding/ exit of the STP/ ETP units
- EOUs having physical export turnover of Rs. 10 crore and above, have been allowed the facility of fast track clearances of import and domestic procurement