Date: |
16-05-2019
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Notification No: |
Trade Notice No. 15/2015-2020
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Issuing Authority: |
DGFT
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Type: |
Trade Notice
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File No: |
File No. 01/61/180/84/AM19/PC-3 |
Subject: |
Claim of MEIS benefits for exports made to countries in the OFAC List such as Iran and for Vostro Payments
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Government of India Ministry of Commerce and Industry Department of
Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi
Trade Notice No. 15/2015-2020
Dated: 16th May 2019
To,
Members of Trade and Industry All Regional Authorities (RAs) of
DGFT EPCs/FIEO
Subject: Claim of MEIS benefits for exports made to
countries in the OFAC List such as Iran and for Vostro payments
Vide
Public
Notice 8/2015-20 dated 14.05.2019 a revised procedure for making online MEIS
applications/claims has been notified for situations where exports have been
made to countries listed in the OFAC list such as Iran or export realizations
have been received through the Vostro mechanism.
2. Under the revised
procedure –
2A. In case a shipment has been made to countries which are
in the OFAC list and e-BRC has not been generated by the concerned bank for that
specific shipment, then the exporter while making the MEIS application/claim has
to submit to the RA
i A declaration to that effect, along with
ii
A self attested copy of the proof of payment such as Foreign Inward Remittance
Certificate/Statement
2B. Also, if e-BRC has been generated in INR and
payment is under the Vostro mechanism, a letter from the concerned bank is
required to be submitted to the RA confirming that the payment for the
particular shipment has been received through Vostro Mechanism in freely
convertible currency.
3. In the MEIS Online E- Corn module
3A. For
OFAC Shipments:
The exporters are required to submit all such shipments
in 1 application. The system would not allow shipments to other countries to be
linked in this application. An option of “Shipments to OFAC countries ” is
required to be ticked for building the application with such shipping bills.
After the relevant option has been exercised by the applicant, the system would
segregate such applications and classify them under ‘manual’ mode.
Then for the relevant shipping bill the applicant is required to fill the
details of foreign exchange realized manually and submit the application.
Exporters will also need to submit the hard copy of documents as mentioned above
to the RA [making a reference of the RA File No which has been generated after
the Online MEIS claim has been submitted to the jurisdictional RA]. It may be
noted that such ‘manual’ applications would not be auto processed by the system
and will require due scrutiny by the RAs before MEIS scrips are approved/issued.
However, in line with Trade Notice no 3 dated 3rd April 2019, no physical/paper
copy of the MEIS scrips will be issued for EDI ports. For all such
applications, the RAs can change the FIRC details after due scrutiny of the
physical copy of the FIRC/ Statement. For such applications with shipping
bills of the period 01.04.2015 to 15.05.2019, the RAs shall consider the date of
Let Export Date as 15.05.2019(in relaxation of the procedure as notified in para
9.12 (D) of the HBP 205-20) and accordingly modify and impose the appropriate
late cut. For shipping bills with Let Export date on or after 16.05.2019, usual
late cut would be applied by the system and RAs shall not change it. 3B. For
Vostro Payments, the E corn module will identify and segregate the e BRCs which
are in INR for processing in manual mode. The RAs will scrutinize the documents
as prescribed in the Public Notice 08 dated 13.05.2019 , which are a self
declaration and the certificate of the bank, before issue of the scrip.
4. Any difficulties, faced by the exporters while applying under the new
procedure, as above, may please be brought to the notice of this Directorate.
5. This is issued with the approval of the competent authority.
[Issued
from File No. 01/61/180/84/AM19/PC-3]
Dr Praveen Kumar (Deputy Director General of Foreign Trade)
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