Merchandise Exports from India Scheme (MEIS)

MEIS is an Incentive Scheme introduced in the Foreign Trade Policy of India (2015-2020). Incentive schemes are schemes which entitle the exporters to duty credit scrips subject to various conditions.

The main objective of MEIS is to reduce inefficiencies caused by lack of infrastructure and the costs incurred while export of goods or products, which are produced or manufactured in India, especially those having a high export capacity, a good potential of employment and thus boosting India’s export competitiveness.

Nature of Rewards

These scrips can be used for payment of Basic Customs Duty at the time of import of goods, including notified capital goods. Duty credit scrips are transferable, i.e., they can be sold in the market, if the holder of the duty credit scrip does not intend to import goods against the scrips.