Ministry of Commerce and Industry working on an early solution to MEIS issue

Considering the fund allocation and to limit the issuance of any more scrips, the authorities blocked online Merchandise Export From India Scheme (MEIS) module from 23 July 2020. Accordingly, it was intimated that new MEIS applications for registration of shipping bills having ‘Let Export Order’ 1 April 2020 onwards will not be accepted henceforth.

However, realising the difficulties of exporters, during the National Digital Conference on Ease of Doing Business held on 30 July 2020, the ministry has intimated that they are looking for an early solution with respect to the MEIS incentive scheme. Further, they stated there is a cashflow issue and they are discussing with the respective authorities to ensure that exports are not affected.