Discuss the categories of items which are not eligible for Merchandise Exports from India Scheme (MEIS) under the Foreign Trade Policy and Procedure.
CS Executive · Economic, Business and Commercial Laws · PYQS · December 2020
Discuss the categories of items which are not eligible for Merchandise Exports from India Scheme (MEIS) under the Foreign Trade Policy and Procedure.
Answer & Explanation:
The following categories of items shall be ineligible for Merchandise Exports from India Scheme (MEIS) under Foreign Trade Policy and Procedure: Export Oriented Units (EOUs)/Electronic Hardware Technology Park (EHTPs)/Biotechnology Parks (BTPs)/Software Technology Parks (STPs) who are availing direct tax benefits/exemption; Supplies made from Domestic Tariff Area (DTA) units to Special Economic Zone (SEZ); Export of imported goods covered; Exports through trans-shipment, meaning thereby exports that are originating in third country but transhipped through India; Deemed Exports; SEZ/EOU/EHTP/BPT/Free Trade and Warehousing Zone products exported through DTA units; Items, which are restricted or prohibited for export under Schedule-2 of Export Policy in ITC (HS), unless specifically notified in Appendix 3B of FTP and Procedure; Service Export; Red sanders and beach sand; Export products which are subject to Minimum export price or export duty; Diamond Gold, Silver, Platinum, other precious metal in any form including plain and studded jewellery and other precious and semi-precious stones; Ores and concentrates of all types and in all formations; Cereals of all types; Sugar of all types and all forms; Crude/petroleum oil and crude/primary and base products of all types and all formulations. Export of milk and milk products; Export of Meat and Meat Products; Products wherein precious metal/diamond are used or Articles which are studded with precious stones; Exports made by units in Free Trade and Warehousing Zone (FTWZ).
Topics: Foreign Trade Policy and Procedure
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