Home» Circulars» Meis Amendments To Appendix 3b Of Foreign Trade Policy 2015 20

Dear Members,

As you are aware,  the Mid-term review of the Foreign Trade Policy 2015-20 has been  released on 5th December 2017.

To encourage  exports by MSME’S  and labour intensive industries, DGFT has notified  across the board increase of 2% in existing MEIS incentive for exports by MSMEs / labour intensive industries involving additional annual incentive of Rs. 4567 Crore.   

Major sectors covered are leather, agriculture, carpets, hand-tools, marine products, rubber products, ceramics, sports goods, medical and scientific products     and electronic     and telecom components.

As far as items under CHEMEXCIL’s purview are concerned, we are pleased to inform you that  MEIS has been increased on following select tariff lines (described as per  ITCHS 2017  & harmonised  MEIS schedule):

• Menthol (HS code- 29061100) from 3% to 5%

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•  Essential Oil items ( Several items under Sub heading 3301)  from 3% to 5%

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• Other ( HS code 33021090)   from 3% to 5%

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• Synthetic Essential Oil ( HS CODE 33029012)-  from 3% to 5%

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• Other (HS Code. 33029019)-  from 3% to 5%

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• Aleuritic Acid (HS CODE- 33029020)- from 5% to 7%

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• Other  (HS CODE 33074900)-  from 3% to 5%

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The  reward rates  in  Table 2  of  Appendix 3B,  Foreign Trade Policy are revised as per Annexure to Public Notice no 44/2015-20 dated 05/12/2017.    The above increase shall be available for  the period Nov. 1, 2017 to June 30, 2018.

Further, Table 3 has been incorporated in the Appendix 3B specifying the List  of Ineligible categories specifying  exports categories/sectors which shall be ineligible for Duty Credit Scrip entitlement under MEIS.

Members are requested to take note of these amendments.  The above  said PN no. 44 is available for download using below link-

http://dgft.gov.in/Exim/2000/PN/PN17/PN%2044%20Eng.pdf

Thanking You,

Yours faithfully,

(S.G. Bharadi)
Executive Director
CHEMEXCIL