DGFT

  • MEIS
  • SEIS
  • Transport & Marketing Assistance
  • IEC
  • Import License/ Authorisation
  • Other Services

DGFT MEIS Licence

The Merchandise Export from India Scheme (MEIS) is a new government opportunity as part of the new foreign trade policy that will apply from 2015 to 2020. The new scheme would replace the five identical incentive programs that were previously available under the 2014-19 foreign trade policy. The Government has allocated more than Rs. 22,000 crore per annum for exports.

The new foreign trade policy for 2015-20 has reconstructed incentives and rewards for exporters of goods. Previous schemes which have been replaced by the current MEIS system include:

  • Focus Product Scheme (FPS)
  • Focus Market Scheme (FMS)
  • Market Linked Focus Product Scheme (MLFPS)
  • Agri. Infrastructure Incentive Scheme
  • Vishesh Krishi Gramin Upaj Yojna (VKGUY)

The goal of the implementation of this scheme is to make Indian goods more competitive on the global market by offering an opportunity, in the form of duty credit, to the exporter to compensate for his loss in the payment of duties during the trade. The incentive shall be paid as a percentage of the FOB value achieved (free foreign exchange) for notified goods moving to the notified markets. In order to facilitate and ensure your application of the scheme, we will provide you with our qualified MEIS consultants who will direct you through the process of the MEIS Customs Registration Licence. We deliver the advantage of the MEIS Sale Purchase licence through our associate MEIS consultant, who coordinates effectively with you and the authorities.

SEIS (Service Exports From India Scheme)

Schemes for the promotion of foreign business schemes under Service Export from India have been implemented. Service Export from India Scheme is a revision of the old Served from India Scheme declared in FTP 2009-14. Service exporters would benefit from the SEIS scheme, which would be measured as a percentage of the net foreign exchange earned by the service exporter. Exporter gain in duty credit script mode that can
be used or available for sale. The percentage of reward is up to 5% of the export turnover.

The Essence of Reward – Duty Credit Scripts shall be given as SEIS rewards. It will be freely transferable. Therefore if the exporter is not in a position to use the Duty Credit Scripts, the same can be sold on the market.

SEIS is a scheme developed to promote the export of services from India. The scheme was adopted in the context of the Foreign Trade Policy 2015-20. The purpose of this scheme is to promote the export of services. This reward scheme is available for a certain list of service exporters that have valid IEC and RCMC. Previous SEIS benefits did not apply to SEZ units. However, the new Act expanded its benefits to SEZ units. The benefit of SEIS is calculated based on Net Foreign Earnings.

We are SEIS Consultants to help you with SEIS Services, determine the amount of SEIS, plan your application, and apply to DGFT. Over time, we have helped SEIS clients profit from different locations. We have SEIS Services under one roof from SEIS application to SEIS Script sales.

Transport and Marketing Assistance (TMA)

The Transport and Marketing Assistance (TMA) scheme is an initiative that aims on expanding the agricultural sector. Thus by promoting the freight and marketing of native agricultural products, TMA aims to support the development of the industry. It also lowers the export charges for such agricultural products. Furthermore, it mercilessly promotes native products to build an esteemed Indian brand on the global market. In addition, the scheme has yet to retain its share of Foreign Trade Policy (2015-20).

Objectives of Transport and Marketing Assistance Scheme

To facilitate the shipment of specified agricultural products
Global growth of the agriculture sector
Reducing excessive charges incurred to exporters for the transport of agricultural products
Make Indian Produce a Proclaimed global brand

The hard-working and painstaking team of highly trained professionals working in the business has a vast and in-depth background in their area of interest, so we really understand the pressures and calls of clients and customers. Within the defined time frame, the eligible body of MS Advisory aims to satisfy all the needs of the customers.

Import Export Code (IEC)

Any type of business that carries out the import and export process will require a business transaction number. This number is known as the IEC (Import Export Code). The Import Export Code is a ten-digit identification number to be entered by the company during each import and export transaction. Any person or business must obtain an IEC Certification. The method of obtaining the Certification of the Import Export Code is seamless. Though it would be useful to use third-party providers for the Validation of Import Export Codes.

IEC Certification – A Precise Overview

After liberalization in 1991, the Indian markets became open to foreign investment. In addition to these opportunities, Indian businesses have been permitted to invest in other countries as well.

In addition to benefiting investment, companies in India have been authorized to carry out import and export processes. By implementing the Import Export Code Certification, the Government of India, the Ministry of Commerce and the Director General of Foreign Trade (DGFT) have made this easier for businesses.

Any company may use the advantages offered by the government of India by registering under this scheme. Moreover, by complying with the criteria of the IEC certification, diversification of opportunities is possible.

It is mandatory to be IEC certified before going foreign. Numerous benefits are secured from seeking this type of registration.

Benefits of Import Export Code

Diversification of Business
Government Benefits
No Need for Filing Returns
Only One Time Registration
Seemless Processing
Authorized by Government

The hard-working and dedicated team of highly trained industry experts has a broad and in-depth experience in their area of interest, so we truly appreciate the demands and appeals of clients and customers. Under a given timeline, the qualifying body of MS Advisory aims to meet all the needs of its customers.

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