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PDF Editor FAQ

How do we claim MEIS money from the government after exporting goods?

The incentives awarded to exporters under MEIS scheme are issued in the form of Duty Credit Scrips. These Duty Credit Scrips are freely transferable and can be used for the payment of Customs Duty.In case the holder of such Duty Credit Scrips wishes to sell these scrips, he can easily sell them to anyone as these scrips are freely transferable.• Last Date for filing application for Duty Credit ScripsApplication for obtaining Duty Credit Scrips under MEIS shall be filed within a period of-1. 12 months from Let Export Order (LEO) date or2. 3 months from the date of• Uploading of EDI Shipping Bills onto the DGFT Server by Customs• Printing/ Release of Shipping Bills for Non-EDI Shipping Bills (whichever is later)Validity Period and Revalidation of Scrips• Duty Credit Scrip to be valid for a period of 18 months from the date of issue and must be valid on the date on the date on which actual debit of duty is made.• Revalidation of Duty Credit Scrip shall not be permitted unless the validity has expired while in the custody of Customs Authority/ RA.Facility for Splitting of Scrips• Duly Credit Scrips shall be issued on request subject to a minimum of Rs. 5 Lakh each and multiples thereof may also be issued at the time of application.• In case of EDI enabled ports = Split certificates shall be permitted with the same port of Registration as appearing on the original scrip after issuance.• In case of export through non-EDI Ports — Facility of split not allowed after issue of Scrip.Procedure for Claiming incentives under MEIS Scheme1. Application for claiming incentives under the MEIS Scheme shall be filed online in the specified format i.e. ANF-3A using Digital Signature.2. The application for export of goods shall be filed with the concerned Regional Authority of DGFT on DGFT Website.3. Separate application shall be filed for each port of export.4. An application can be filed with up to a maximum of 50 shipping bills5. In case of exports through the EDI Port—the hard copy of the application, shipping bill, e-BRC and RCMC are not required to be submitted. However, the proof of landing is required to be submitted.6. Relevant EDI shipping bill and e-BRC to be linked with the online application.7. In case of exports through non EDI-port, the hard copy of the export promotion copy of non-EDI shipping bills and proof of landing in the prescribed manner is required to be submitted. But the hard copies of applications to DGFT, electronic bank realisation certificate (e-BRC) and RCMC is not required to be submitted. Scanned copies of any other prescribed documents for claiming scrip are required to be submitted.8. The documents which are not required to be submitted (in original), are required to be retained by the applicant for a period of 3 years from the date of issuance of scrip. The licensing authority may call for such documents in original at any time within 3 years.9. In case of failure to submit the original documents when demanded by the licensing authority, the rewards granted are required to be refunded along with interest.10. No manual feeding is allowed for EDI Shipments to the applicants in the online system.11. Let Export Date to be taken as the relevant date for determination of eligibility of product, corresponding ITC (HS) code, and markets for claiming rewards under MEIS.The above procedure is to be followed for claiming incentives under the MEIS Scheme in all cases except in case of export of goods through e-commerce.

Have you ever faced a problem just because of a spelling mistake in documents in India? How did you handle it? What is the best way to correct all documents’ spelling?

My parents opened two Demat accounts simultaneously, both joint, with first holder different. 1. Mom and Dad 2. Dad and Mom.When my father passed we found the transmission of scrips could not be done because my mother's name was written differently in both the accounts. A stupid mistake by the bank.It took a year for me to get this sorted out. Multiple visits. We changed her name as written on the PAN card, and we had to make an affidavit.A few years after my mother passed away I found an old investment in a mutual fund, and when I went to claim it as registered nominee they said my mother's name as per their records did not match with the PAN card name. The PAN number was the same. After a couple of in person visits where the person at the desk asked me for all manner of papers, I dug my heels in, and wrote a mail marking a copy to AMFI. It finally got resolved.My learning is… get requirements in writing from the authority. Use email if possible for communication. Or write a letter and get it received. Do your background search for your issue. Don't assume the person on the other side of the desk knows everything. If what they are asking for seems too much ask them to consult their seniors. Dont get angry, it doesn't help. Be prepared for the time it takes.All the best.

How do I transfer shares from other brokers to Zerodha?

Please go through below linkWhat is the CMR copy and where can I get it?Stamp copy of CMR is required to transfer shares from Other BROKER To ZERODHA.CMR copy consist of all information related to your Demat Account.Per scrip charges may vary from broker to broker. Generally Rs. 50 to Rs. 70If you want to close existing demat account with other broker and transfer shares to ZERODHA then there will not be any charges for shares transfer.While creating a ticket, Don't forget to mention your address. ZERODHA will courier physically stamp copy of CMR on given address. First copy is Free of cost. Afterwards Rs. 118 for every copy which needs to be sent.Submit ZERODHA CMR copy to existing broker. Existing Broker will initiate Share transfer. Generally it takes 2-3 working days.For more information mail to [email protected] or raised a ticket on Zerodha - Support Portal

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