CHEMEXCIL
Basic Chemicals, Cosmetics & Dyes Export Promotion Council
(Set-up by Ministry of Commerce and Industry, Govt of India)
Jhansi Castle, 4th Floor, 7, Cooperage Road, Mumbai - 400 001. India
Tel : +91 22 22021288 Website : www.//chemexcil.in
EPC/LIC/DGFT/MEIS 14/01/2019
ALL THE MEMBERS OF THE COUNCIL
DGFT
Mandatory recording of information on DGFT website about transfer of MEIS/SEIS
Scrips issued from 14.01.2019 onwards (for EDI ports only)
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Dear Members,
We would like to inform you that the O/o Directorate General of Foreign Trade, New Delhi has issued Trade Notice no. 42/2018-19 dated 11/01/2019 regarding Mandatory recording of information on DGFT Website about transfer of MEIS/SEIS Scrips (EDI ports only).
As per the trade notice, it’s is envisaged to discontinue issuance of MEIS/ SEIS in physical form in future. However, it is important to know the current owner of a MEIS/ SEIS scrip online, so that only the current owner is allowed to be used by customs for duty payment.
In a move to improve ease of doing business and promoting Digital Processing, it is now mandatory for MEIS/SEIS issued on or after 14.01.2019 for all EDI Ports to record the transfer details of MEIS/SEIS Scrips.
Unless the Transfer details are recorded on DGFT Website, new owner (Transferee) will not be allowed by Customs to use the MEIS Scrip for duty payment.
The Procedure of registering the Transferee is provided in Annexure to Trade Notice 42/2015-20 Dated 11.01.2019 available for reference using below link-
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S.No.
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Notice No.
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Year
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Subject
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Date
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Details
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1
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42/2018-19
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2018-19
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Mandatory recording of information on DGFT website about transfer of MEIS/SEIS Scrips issued from 14.1.2019 onwards (for EDI ports only)
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11/01/2019
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Download (861.27 KB)
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( http://www.dgft.gov.in/sites/default/files/Trade%20Notice%20No.%2042%20dt.%2011.01.2019_0.pdf )
Member-exporters (especially who don’t use, but sell MEIS) are requested to take note of this requirement and do the needful. You can also send your feed-back/ concerns, if any, on ed@chemexcil.gov.in & deepak.gupta@chemexcil.gov.in
Thanking You,
Yours faithfully,
(S. G. BHARADI)
EXECUTIVE DIRECTOR
CHEMEXCIL
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