3.25
- Document type
- Policy
- Dated
2% Additional Ad Hoc Incentive for Two HS Codes
3.25
A 2% Additional Ad hoc Incentive for 2 HS Codes / tariff lines, as below :
i. 85171211 - Mobile phones, other than push button type and
ii. 85171219 - Mobile phones, push button type
would be available, along with the rewards under MEIS for exports made in the period 01.01.2020 to 31.03.2020 only. The basis of calculation of reward would be on realised FOB value of exports in free foreign exchange, or on FOB value of exports as given in the Shipping Bills in freely convertible foreign currencies, whichever is less, unless otherwise specified. All other provisions as applicable for MEIS in the Foreign Trade Policy, 2015-20 and Handbook of Procedures 2015-20, shall be applicable for the 2% Additional Ad Hoc Incentive as well. The application for MEIS for the said codes would be considered as an application for the Additional Ad hoc Incentive also."
(Above Para 3.25 has been added vide NOTIFICATION NO. 43/2019, DT. 29/01/2020)