DGFT extends date of filing of MEIS application without any cut till Sep 30, 21 for FY 2019-20 Public Notice No. 53/2015-2020 Dated April 9th, 2021 Directorate General of Foreign Trade has provided relaxation in the late cut provisions for shipping bills of the period 01.04.2019 to 31.03.2020, if such shipping bills are submitted on or before 30.09.2021, for an MEIS claim.
The DGFT made changes to IEC. Now IEC holders are required to ensure to update IEC electronically every year during April-June period.Even in case of no change, it is required to confirm online. Non complaince will lead to deactivation.
Cap /Ceiling on MEIS Benefits: For exports for the period from 01.09.2020 to 31.12.2020 benefits restricted to Rs. 2 cr per IEC.Not eligible if no export during period 01.09.2019 to 31.08.2020 and new IEC holder registered after 01.09.2020.Not eligible wef 01.01.2021