We Value Your Feedback, Whether Criticism Or Appreciation. And Here Are A Few That Hit Our Mailboxes In December 2015
Dear Editor-in-Chief, we wish to bring to your attention a major hurdle that makes it impossible to claim benefits under MEIS. As per FTP, we exported by mentioning declaration of intent. However, our claims have been stuck for nearly 8 months, and the shipping bill doesn’t appear online on the DGFT repository, making it impossible for us to claim incentives. When approached, DGFT told us to select ‘yes’ on rewards, but this was not mandatory before. DGFT’s Public Notice 40 allows exporters to approach customs to get shipping bills re-transmitted for shipments made between 01.04.2015 to 31.05.2015, but even those bills are not attaching online during the application, and we get an error message, “SB: Item Si. No.1 in No in customs and not eligible for MEIS.”
DGFT wants exporters to complete exports/imports within one year, but it is impossible. The delay in getting our claims is affecting our working capital and exports. Since MEIS was introduced, our buyers abroad are also aware of MEIS rates, and we are left with no option but to pass on the incentive. This is done by anticipating MEIS benefit to redeem at the earliest, but with it not monetizing for 8-9 months, our exports are affected.
We request DGFT to look into the matter, and allow manual filing and issuances of MEIS scrips, and also allow/ask customs to register them. Public Notice 40 allowed only shipping bills for exports until 31.05.2015 which should be 09.10.2015.
Lex International Pvt. Ltd.,
Kanpur, Uttar Pradesh
[email protected]
I stumbled upon your magazine in the airport and I must say I am quite impressed. It has some really good information on the subject of foreign trade.
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+919885437XXX
I am a TDB subscriber. I want to tell you that The Dollar Business provides me a lot of useful business information. In fact, the magazine is like a perennial river of information for exporters and importers. I am really happy with the quality of the magazine.
Director
Farmkart Foods
Himatnagar, Sabarkantha
Gujarat
+919427861XXX
I am new to your website but I must say it’s a well-detailed publication, with good insights into the world of exports and imports. I look forward to reading The Dollar Business with interest.
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Tamil Nadu
+919789171XXX
Happened to go through your December issue, while waiting for my flight at the Lucknow airport. Got to say, The Dollar Business is different than the routine stuff that other business magazines publish.Looking forward to the next issue.
Lucknow, Uttar Pradesh
[email protected]
+919454410XXX
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