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Under the foreign trade policy of India, Chapter Three outlines schemes that provide rewards to exporters of specific goods or services. These schemes aim to mitigate infrastructural inefficiencies and other costs faced by Indian exporters, offering rewards equivalent to a percentage of total export value. The two main schemes are the Merchandise Exports from India Scheme (MEIS) and the Service Exports from India Scheme (SEIS). Not all exports qualify for MEIS benefits; eligibility and reward percentages depend on the type of item and the destination country. Exporters can verify eligibility and reward details on the DGFT website or in Appendix 3B of the FTP. Benefits are also available for exporting goods through Korea or foreign markets.
