Directorate General of Foreign Trade ( DGFT) has issued a Public Notice 08/2019-2020 to amend Para 3.01(b) of the Handbook of Procedures, 2015-20, to prescribe procedure for claiming MEIS benefits for exports realized under Para 2.52 (b) of the Foreign Trade Policy, 2015-20 and for exports in which e-BRC has not been generated by banks.
Key Points of the Public Notice are:
- An applicant who is claiming MEIS benefits on exports for which e-BRC (Electronic Bank Realisation Certificate) has been generated in INR and payment is made under Para 2.52(b) of the Foreign Trade Policy, 2015-20 shall be required to submit a letter from the concerned bank to the concerned RA (Regional Authority) confirming that such payment has been received through VOSTRO mechanism.
- An applicant who is claiming MEIS benefits on exports for which e-BRC (Electronic Bank realisation certificate) could not be generated by the concerned bank and the shipment has been made to countries other than OFAC list, then a declaration to that effect along with a self-attested copy of the proof of the payment i.e Foreign inward Remittance certificates/Statements etc is required to be submitted to the RA (Regional Authority).
For further details please refer the attached document.
Source: Directorate General of Foreign Trade
