DGFT notifies late cut for MEIS applications for exports made in the Financial Year 2019-20

DGFT - late cut for MEIS applications - exports - the Financial Year 2019-20 - Taxscan

The Director-General of Foreign Trade (DGFT) notified the late cut for Merchandise Exports from India Scheme (MEIS) applications for exports made in the Financial Year 2019-20.

MEIS applications for Shipping bills with a Let Export date from March 1, 2019, to March 31, 2020, can be submitted without any late cut up to September 30, 2021.

However, any such application submitted after September 30, 2021, the last date for submitting applications shall be as per the Handbook of Procedures, 2015-20, and late cut applied accordingly.

“A relaxation in the late cut provisions have been provided for Shipping bill (s) of the period 01.04.2019 to 31.03.2020 so that if such shipping bills are submitted on or before 30.09.2021, for a MEIS claim, no late cut would be applicable,” the DGFT said.

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