tax alert
Under MEIS, the destination countries have been classified as Group A (i.e., Traditional Markets), Group B (i.e., Emerging and Focus Markets) and Group C (i.e., Other Markets) countries. For majority of the products, benefit under MEIS are available for export to Group A and Group B countries.
Norway, Switzerland, Iceland and Liechtenstein have been moved from Group C to Group A, whereas Hong Kong has been moved from Group C to Group B. (Effective from 14.07.2015, Para I of Public Notice no. 27/2015-20 dated 14.07.2015).
For 4 Items, the benefit under MEIS has been enhanced (refer items appearing against serial no
134 to 137). ( )
For 2 Items, the benefit under MEIS has been reduced (refer items appearing against serial
no 251 and 380). ( )
For 112 Items, the benefit under MEIS has extended for Exports to Sri Lanka and Bangladesh
(refer items appearing against serial no 2105 to 2492). ( )
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