Reference to the trail mail.

Directorate General of Foreign Trade ( DGFT) has issued a Trade Notice 15/2015-2020 dated 16^th May, 2019 to prescribe procedure to claim MEIS benefits under Online E-com module for exports made to countries in OFAC list such as Iran and for export realisation received through VOSTRO mechanism.

Key Points of the Trade Notice are:

1. In case of shipment made to OFAC countries, the procedure and steps required to be followed are –

• Exporters are required to submit all such shipments made to OFAC countries in a single application, as the system will restrict the linking of the shipment which are made to other countries in this application.
• Exporters are required to tick the option of “Shipments to OFAC countries” for building the application with such shipping bills in order to segregate such application and classify them under manual mode.
• The applicants are then required to fill the details of foreign exchange realized manually and submit the application for the relevant shipping bill. Further, exporters are also required to submit the hard copy of documents i.e. a declaration to that effect along with a self-attested copy of the proof of payment such as Foreign Inward Remittance Certificate/Statement to Regional Authority(RA) for making a reference to the RA File No generated after the online application has been submitted to RA.
• For all such applications, the RAs can change the FIRC details after due scrutiny of the physical copy of the FIRC/ Statement.
• The Let export date for the exporters (Applicant) having shipping bills of the period 01.04.2015 to 15.05.2019 will be considered as 15.05.2019 (in relaxation of the procedure as notified in para 9.12 (D) of the HBP 205-20) by RA and will be accordingly modified and impose the late cut and for shipping bills with on or after 16.05.2019, usual late cut would be applied by the system without change in Let export date by RA.

2. In case of Export realisation received through Vostro mechanism –

• E com module will identify and segregate the e BRC‘s (Electronic Bank Realisation Certificate) which are in INR for processing in manual mode.
• RAs will scrutinize the prescribed  documents i.e. self-declaration and the certificate of the bank before issue of the scrip.

For further details please refer the attached document.

Source: Directorate General of Foreign Trade

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