SRTEPC Circulars regarding Claim of MEIS benefits

SRTEPC Circulars regarding Claim of MEIS benefits

Circular No.ES/38/2019-20 May 17, 2019

To: Members of the Council

Sub: Amendment in the Para 3.01 (b) of the Handbook of Procedures

Dear Member,

O/o DGFT has issued Public Notice No. 8/2015-2020 dated 14^th May, 2019 making the following amendments in the Para 3.01 (b) relating to Merchandise Exports from India Scheme (MEIS) under Handbook of Procedures 2015-2020.

Existing Para 3.01 (b)

Amended Para 3.01 (b)

(b) An application for claiming rewards under MEIS on exports (other than Export of goods through courier or foreign post offices using e-commerce), shall be filed online, using digital signature, on DGFT website at http://dgft.gov.in with RA concerned in ANF 3A. The relevant shipping bills and eBRC shall be linked with the online application.

(b) An application for claiming rewards under MEIS on exports (other than Export of goods through courier or foreign post offices using e-Commerce) shall be filed online, using digital signature, on DGFT website at http://dgft.gov.in with RA concerned in ANF 3A. The relevant shipping bills and eBRC shall be linked with the online application.

However, if

E-BRC has been generated in INR and payment is under Para 2.52(b) of the FTP, a letter from the concerned bank is required to be submitted to the concerned RA confirming that the payment has been received through Vostro Mechanism,

The shipment has been made to countries which are in OFAC list and eBRC could not be generated by the concerned bank, a declaration to that effect by the exporter along with a self attested copy of the proof of payment such as Foreign Inward Remittance Certificates / Statements etc is required to be submitted to the RA.

The RAs would process the application under (i) and (ii) above, after the required documents are submitted in hard copy to the RAs.

Effect of this Public Notice: Procedure for claiming MEIS benefits for exports realized under Para 2.52 (b) of the FTP and for exports in which e BRC is not generated by banks has been notified.

Members are requested to kindly make a note of the above amendments.

Thanking you,

Yours faithfully,

S.BALARAJU
EXECUTIVE DIRECTOR

____________________________________________________________________________

Circular No.ES/39/2019-20 May 17, 2019

To: Members of the Council

Sub: Claim of MEIS benefits for exports made to countries in the OFAC List such as Iran and for Vostro Payments

Dear Member,

Kindly refer to DGFT Public Notice 8/2015-20 dated 14^th May, 2019 notifying a revised procedure for making online MEIS applications / claims for situations where exports have been made to countries listed in the OFAC list such as Iran or export realizations have been received through the Vostro mechanism. DGFT has now issued Trade Notice No. 15/2015-2020 dated 16^th May, 2019 regarding claim of MEIS benefits for exports made to countries in the OFAC List such as Iran and for Vostro Payments.

Under the revised procedure –

In case a shipment has been made to countries which are in the OFAC list and e-BRC has not been generated by the concerned bank for that specific shipment, then the exporter while making the MEIS application/claim has to submit the following to the RA –

A declaration to that effect, along with
A self attested copy of the proof of payment such as Foreign Inward Remittance Certificate/Statement.

If e-BRC has been generated in INR and payment is under the Vostro mechanism –

A letter from the concerned bank is required to be submitted to the RA confirming that the payment for the particular shipment has been received through Vostro Mechanism in freely convertible currency.

In the MEIS Online E- Com module

For OFAC Shipments

Exporters are required to submit all such shipments in 1 application (The system would not allow shipments to other countries to be linked in this application).

An option of “Shipments to OFAC countries” is required to be ticked for building the application with such shipping bills.

After the relevant option has been exercised by the applicant, the system would segregate such applications and classify them under ‘manual’ mode.

For the relevant shipping bill, the applicant is required to fill the details of foreign exchange realized manually and submit the application.

Exporters will also need to submit the hard copy of documents as mentioned above to the RA [making a reference of the RA File No which has been generated after the Online MEIS claim has been submitted to the jurisdictional RA].

Please note that such ‘manual’ applications would not be auto processed by the system and will require due scrutiny by the RAs before MEIS scrips are approved/issued.

However, in line with Trade Notice No. 3 dated 3^rd April, 2019, no physical / paper copy of the MEIS scrips will be issued for EDI ports.

For all such applications, the RAs can change the FIRC details after due scrutiny of the physical copy of the FIRC / Statement.

For such applications with shipping bills of the period 01^st April, 2015 to 15^th May, 2019, the RAs shall consider the date of Let Export Date as 15^th May, 2019 (in relaxation of the procedure as notified in para 9.12 (D) of the HBP 205-20) and accordingly modify and impose the appropriate late cut.

For shipping bills with Let Export date on or after 16^th May, 2019, usual late cut would be applied by the system and RAs shall not change it.

For Vostro Payments

The E com module will identify and segregate the e BRCs which are in INR for processing in manual mode.

The RAs will scrutinize the documents as prescribed in the Public Notice 08 dated 14^th May, 2019 , which are a self-declaration and the certificate of the bank, before issue of the scrip.

In case of any difficulty while applying under the new procedure, as above, members may kindly contact the O/o DGFT.

Members are requested to kindly make a note of the above procedures.

Thanking you,

Yours faithfully,

S.BALARAJU
EXECUTIVE DIRECTOR