DGFT introduces No Incentive Certificate under Merchandise Exports from India Scheme

DGFT introduces No Incentive Certificate under Merchandise Exports from India Scheme

July 4, 2018 Fiscal, Industries, states 0

Directorate General of Foreign Trade (DGFT) has issued a Public Notice 17/2015-20 dated 3rd July, 2018 to notify the procedure to obtain No Incentive Certificateunder the Merchandise Exports under India Scheme(MEIS). A new Para 3.42 has been inserted in the Chapter 3 of the Handbook of Procedures, 2015-20.

The Key highlights of No Incentive Certificate

  1. For shipment(s) which is being re-imported, an exporter shall submit a request in the specified format, ANF 3E- “Application for No Incentive Certificate” to the concerned Regional Authority (RA) to the effect that no incentive under MEIS has been taken.
  2. Concerned Regional Authority will issue the No Incentive Certificate in the specified format Appendix – 3F as per the following procedure-

i. Wherever, MEIS has been utilized by the applicant for the relevant shipping bill(s), the applicant is required to refund the proportionate amount along with interest at the rate prescribed under the section 28AA of the Customs Act, in the relevant Head of Account of Customs. On receipt of proof of payment, the RA would issue the certificate.

ii. Wherever, MEIS has been issued to the applicant for the relevant shipping bill (s) but the MEIS scrip has not been utilised, the applicant should surrender the MEIS scrip to the RA. The RA would then issue the certificate and simultaneously inform the NIC to block the relevant shipping bill(s).

iii. Wherever, MEIS has not been applied for or MEIS has been applied for but no scrip has been issued, the RA would issue the certificate in the specified format, on the basis of the undertaking submitted in the application and simultaneously inform the NIC to block the relevant shipping bill(s).

The format of the “Application for No Incentive Certificate Under MEIS”, ANF 3E and “No Incentive Certificate under MEIS”, Appendix 3F are attached as annexure to this Public Notice.

Source: Directorate General of Foreign Trade

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