Merchandise Exports from India Scheme (MEIS)

Question 1

what

Answer 1

• 1 of the 2 schemes under foreign trade policy of India (2015-20)
• other scheme is Service Exports from India Scheme (SEIS)
• rewards are given by way of duty credit scrips to exporters

A Duty Credit Scrip is a scrip which can be used for the payment of Customs Duty -> mhnje he scrips miltil export kelya goshti tar ani te vaprun custom duty bharayachi -> basically indirectly custom duty kami krtayet.

Question 2

notified by & implemented by

Answer 2

notified by the DGFT (Directorate General of Foreign Trade) and implemented by the Ministry of Commerce and Industry.

Question 3

objective

Answer 3

To offset (counter balance or reduce) infrastructural inefficiencies and associated costs involved in export of goods/products, which are produced/manufactured in India, especially those having high export intensity, employment potential and thereby enhancing India’s export competitiveness.