ANNOUNCEMENT 03 Aug 2018

India has raised the limit for exporters to export goods via courier services.

NUMBER OF INTERVENTIONS

2

  • 1 harmful
  • 0 neutral
  • 1 liberalising
Inception date: 03 Aug 2018 | Removal date: 26 Sep 2018
Still in force

Export-related non-tariff measure, nes

On 3 August 2018, the Indian Ministry of Finance through Notification No. 68 and 69/2018-Non-Tariff has increased the limit of exports allowed through courier service or through the post from INR 25,000 (~ USD 364.75) to INR 500,000 (~USD 7295.01) per consignment. On 26 September 2018, this export restriction was removed altogether (see related state act).

* INR to USD as on 3 August - INR 68.54/USD

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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Inception date: 03 Aug 2018 | Removal date: open ended
Still in force

Tax-based export incentive

Further, exports made up to INR 500,000 (~USD 7295.01) through a courier or postal service will also be eligible for incentives under the Merchandise Exports Incentive Scheme (MEIS) for goods covered in the scheme. Earlier, goods valued up to INR 25,000 (~ USD 364.75) were only eligible for such incentives. 

The MEIS scheme provides incentives ranging from 2-5% (of realized FOB-Freight On Board value) on products depending on the country they are exported to. These incentives, received in the form of credit scrips, can be used to make payment for other customs-related duties.

* INR to USD as on 3 August - INR 68.54/USD

 
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