E-Commerce Exports Liberalised, Value
Limit Raised to Rs. 5 Lakhs per consignment for MEIS
(Previous: Rs. 25,000)
[DGFT Notification No.
22/201 5-2020 dated 26 July 2018]
Effect of this Notification: The value limit for exports through
Courier service/ Post has been placed at Rs 5,00,000 and the eligibility criteria for entitlement under
MEIS for courier/ post exports have been increased to Rs
5,00,000 per consignment from the earlier Rs. 25,000
per consignment. The limitation on the port of exports for courier exports for
the purpose of incentivisation under MEIS has been
done away.
Subject:
Amendment in Para 2.47 and para 3.05 of Chapter-3 of FTP 2015-2020.
In
exercise of the powers conferred by Section 5 of the Foreign Trade (Development
and Regulation) Act. 1992 read with Para 1 .02 of the Foreign Trade Policy,
2015-2020, the Central Government hereby makes the following amendments in the
Foreign Trade Policy 201 5-2020 with immediate effect:
2.
|
Para of the FTP
2015-20 |
Current para |
Amended Para |
|
2.47 |
2.47 Export through
Courier Service/Post Exports through a
registered courier service is permitted as per Notification issued by DoR. However, exportability of such items shall be
regulated in accordance with FTP/ ITC (HS), 2017. |
2.47 Export through
Courier Service/Post Exports through a
registered courier service is permitted as per Notification issued by DoR. However, exportability of such items shall be
regulated in accordance with FTP/ ITC (HS), 2017. The value limit for such
exports through courier service and Post shall be Rs 5,00,000 per consignment. |
|
3.05 |
3.05 Export of
goods through courier or foreign post offices using e-Commerce i. Exports of goods through courier or foreign
post office using ecommerce, as notified in Appendix 3C, of FOB value upto Rs. 25000 per consignment
shall be entitled for rewards under MEIS. ii.
If the value of exports using
e-commerce platform is more than Rs 25000 per
consignment then MEIS reward would be limited to FOB value of Rs.25000 only. iii. Such
goods can be exported in manual mode through Foreign Post Offices at New
Delhi, Mumbai and Chennai. iv. Export of such goods under Courier Regulations shall be allowed manually on
pilot basis through Airports at Delhi, Mumbai and Chennai as per appropriate
amendments in regulations to be made by Department
of Revenue. Department of Revenue shall fast track the implementation of EDI
mode at courier terminals. |
3.05 Entitlement
under MEIS for Export of goods through courier or foreign post offices Exports
of goods through courier or foreign post office, as notified in Appendix 3C,
of FOB value upto Rs 5,00,000 per consignment shall be entitled for rewards
under MEIS. If the value of exports, is more than Rs
5,00,000 per consignment then MEIS reward would be
calculated on the basis of FOB Value of Rs 5,00,000
only. |