Duty Exchange: Your Gateway to MEIS Benefits
Unleash the Power of Your Exports with MEIS
Buy or Sell Duty Licenses Hassle-Free. Your Gateway to Seamless Trade and Optimal Export Incentives!
Navigate the Intricacies of MEIS with Duty Exchange, Your True Export Partner.
Get in touch
What we bring to you?
We provide a revolutionary tech-enabled platform for Exporters and Importers to seamlessly Buy and Sell Duty Credit Scrips and other Duty Licenses, along with real-time updates on market rates.
Ease Your MEIS Journey with Duty Exchange
Duty Exchange simplifies the complexities encapsulating the MEIS, ensuring that your journey from export to incentive is seamless, rewarding, and efficient.
The Merchandise Exports from India Scheme (MEIS) [discontinued] is a government initiative that provided incentives to exporters of goods manufactured or produced in India. The incentives were provided in the form of transferable Duty Credit Scrips, which can be used to offset the Customs Duty payable on import of raw materials or goods.
The following table summarizes the key differences between the schemes:
|Refund of embedded taxes and duties
|Rebate of 2 - 5% of the realised FOB
|Exporters of garments and made-ups
|Rebate on embedded taxes and duties
Note: Eligibility criteria and incentive rates for the above schemes may change from time to time. It is always best to check with the relevant government authorities for the latest circulars.
- RoDTEP – Remission of Duties or Taxes on Export Products
- RoSCTL – Rebate of State & Central Taxes and Levies
- MEIS – Merchandise Exports from India Scheme
- SEIS – Service Exports from India Scheme
Duty Scrips are typically sold at a Discount. Say the Face Value of a Scrip is Rs.100/- and it is being sold at a price of say Rs. 90/-. You can now utilise it to set-off Customs Duty payable while importing goods at 100% of the Face Value, i.e., Rs. 100/- and save Rs. 10/- (10%).
Note: Prices quoted above are for illustration purpose only. Actual prices offered for the Scrips are dynamic and are based on technical and market factors.
Explore Our Services
Along with the MEIS, we provide unparalleled support and services for various other export incentive schemes such as: