Export Incentive Schemes
MEIS / SEIS Scheme
Advisory Services
Merchandise Exports from India Scheme (MEIS) & Services Exports from India Scheme (SEIS)
The Merchandise Exports from India Scheme (MEIS) and Services Exports from India Scheme (SEIS) were key export incentive programs introduced under India’s Foreign Trade Policy to promote exports of goods and services from the country.
Although these schemes have been replaced by newer export incentive frameworks, many exporters and service providers still require advisory support for pending claims, scrip utilisation, compliance matters, and resolution of legacy issues related to MEIS and SEIS benefits.
Businesses may face challenges in managing unutilised duty credit scrips, handling regulatory queries, or addressing compliance matters related to previously claimed incentives.
Shangrila Corporate Services Pvt Ltd provides structured advisory to help businesses resolve legacy matters related to MEIS and SEIS schemes, manage duty credit scrips, and ensure compliance with applicable Foreign Trade Policy provisions.
Overview
What are MEIS and SEIS Schemes?
The Merchandise Exports from India Scheme (MEIS) was designed to incentivise exports of notified goods by providing duty credit scrips based on the realised FOB value of exports.
The Services Exports from India Scheme (SEIS) provided incentives to service providers exporting eligible services from India, enabling them to receive duty credit scrips linked to net foreign exchange earnings.
Both schemes were introduced under the Foreign Trade Policy framework and implemented by the Directorate General of Foreign Trade.
Suitable For
Who Should Consider MEIS / SEIS Advisory?
Advisory support for MEIS and SEIS schemes is relevant for businesses that previously claimed benefits or hold unutilised scrips.
Typically Suitable For:
Service providers who applied under SEIS
Businesses holding unutilised duty credit scrips
Companies facing compliance queries related to scheme utilisation
Key Benefits
Key Benefits of MEIS / SEIS Schemes
The schemes historically provided several advantages for exporters and service providers:
01
Duty credit scrip incentives linked to export performance
02
Reduction in customs duty liabilities through scrip utilisation
03
Support for international competitiveness of Indian businesses
04
Encouragement of export growth in goods and services sectors
05
Additional financial support for exporters and service providers
Even after the introduction of new schemes, managing legacy benefits remains important for businesses.
Process
How MEIS / SEIS Schemes Worked
The incentive structure for both schemes was based on export performance and notified rates.
The process typically involved:
01
Export of eligible goods or services
02
Filing of applications through the DGFT portal
03
Verification of export performance and documentation
04
Issuance of duty credit scrips by DGFT
05
Utilisation or transfer of scrips as permitted under policy provisions
These scrips could be used to pay customs duties or transferred to other businesses depending on scheme rules.
Common Pitfalls
Common Challenges Exporters Face
Businesses managing legacy MEIS or SEIS matters often face challenges such as:
Pending or disputed incentive claims
Difficulty managing unutilised duty credit scrips
Regulatory queries related to past claims
Compliance issues identified during audits or reviews
Uncertainty regarding scheme closure procedures
Professional advisory helps businesses resolve such issues efficiently and maintain compliance with regulatory requirements.
How We Help
Our Approach to MEIS / SEIS Advisory
Shangrila Corporate Services Pvt Ltd provides structured advisory to help businesses manage legacy scheme matters and optimise remaining benefits.
Our Services Include:
Legacy Claim Review
Assessment of pending or disputed MEIS and SEIS claims.
Duty Credit Scrip Advisory
Guidance on utilisation, transfer, or compliance related to issued scrips.
Regulatory Query Support
Assistance in responding to compliance queries from authorities.
Documentation Review
Verification of export records and supporting documents.
Compliance Advisory
Guidance on resolving regulatory issues related to past scheme utilisation.
Documentation
Documents Required to Get Started
Import Export Code (IEC)
Export invoices and shipping bills (for MEIS)
Service export documentation (for SEIS)
Bank Realisation Certificates (BRC / e-BRC)
Duty credit scrip details (if issued)
Resolve Legacy MEIS / SEIS Matters Efficiently
Even though new export incentive frameworks have replaced these schemes, many exporters still need professional support to manage legacy claims, compliance issues, and scrip utilisation. Connect with our team to:
- Review pending MEIS / SEIS claims
- Manage duty credit scrips effectively
- Address regulatory queries and compliance matters
FAQ
Frequently Asked Questions
They were export incentive schemes providing duty credit scrips for eligible exports of goods and services.
New incentives have replaced them, but legacy claims and compliance matters may still require resolution.
They are transferable instruments that can be used to pay certain customs duties.
Utilisation depends on applicable policy provisions and validity conditions.
Professional support can help resolve compliance issues and manage remaining benefits effectively.
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Explore Connected Service Areas
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Why SCS
Why Work with
Shangrila Corporate Services Pvt Ltd
Expertise in Foreign Trade Policy and export incentive schemes
Experience in managing legacy DGFT scheme matters
Structured approach to regulatory compliance and documentation
Practical advisory for exporters and service providers
We help businesses resolve scheme-related matters efficiently and maintain compliance with trade regulations.
Get in Touch
If your organisation has pending MEIS or SEIS claims or requires assistance managing duty credit scrips, expert advisory can help resolve these matters efficiently.