export incentives India

Export Incentives India 2026

Export Incentives in India 2026: The Complete Guide to MEIS, RoDTEP & Advance Authorisation Scheme Why Export Incentives Matter for Indian Businesses India’s export ecosystem is one of the most dynamic in the world, supported by a robust framework of government-backed incentive schemes. If you are an exporter, manufacturer, or trade professional operating in India in 2026, understanding these incentive programmes is not just beneficial — it is essential to your business profitability and global competitiveness. The Indian government, through the Ministry of Commerce and Industry and the Directorate General of Foreign Trade (DGFT), has established multiple schemes to help exporters reduce the cost of production, recover taxes paid on inputs, and boost the country’s overall export performance. The three most critical and widely used schemes in 2026 are: MEIS — Merchandise Exports from India Scheme (now largely transitioned to RoDTEP) RoDTEP — Remission of Duties and Taxes on Exported Products Advance Authorisation Scheme — Duty-free import of inputs for export production This comprehensive guide will walk you through each scheme in detail — their purpose, eligibility criteria, benefits, rate structures (updated for 2026), claim procedures, and how to maximise your returns as an Indian exporter. India’s merchandise exports crossed USD 437 Billion in FY 2024-25. Export incentive schemes play a pivotal role in maintaining India’s price competitiveness in global markets. CHAPTER 1: MEIS — Merchandise Exports from India Scheme 1.1 What is MEIS? The Merchandise Exports from India Scheme (MEIS) was introduced under the Foreign Trade Policy (FTP) 2015-20 by the Government of India. The scheme was designed to offset infrastructural inefficiencies and associated costs involved in exporting products from India, making Indian goods more competitive in the global market. MEIS replaced five earlier schemes — Focal Point Rebate Scheme, Vishesh Krishi and Gram Udyog Yojana (VKGUY), Market Linked Focus Product Scheme (MLFPS), Focus Product Scheme (FPS), and the Agri Infrastructure Incentive Scrip (AIIS). IMPORTANT NOTE (2026): The WTO Dispute Settlement Body ruled against MEIS in 2019, as it violated WTO’s Agreement on Subsidies and Countervailing Measures (ASCM). The Government of India subsequently phased out MEIS and replaced it with the RoDTEP Scheme (effective from January 2021). However, exporters may still have pending MEIS scrip claims for exports made before the scheme’s closure, and understanding MEIS remains critical for claim resolution. 1.2 MEIS — Benefits & Incentive Structure Under MEIS, exporters received transferable duty credit scrips equivalent to 2%, 3%, or 5% of the FOB (Free on Board) value of exports, depending on the product category and destination country. These scrips could be used to: Pay Basic Customs Duty (BCD) on imports Pay Central Excise Duty on domestic procurement Pay Service Tax (before GST implementation) MEIS Incentive Rate Product Category Example Sectors 2% of FOB Value Category A Products General manufactured goods 3% of FOB Value Category B Products Textiles, handicrafts, leather 5% of FOB Value Category C Products Agriculture, marine, electronics 1.3 MEIS — Eligibility Criteria To claim MEIS benefits (for pending claims under old exports), the following conditions must be met: Exports must be of products specified in the MEIS Schedule (Appendix 3B of FTP) Exports must be made from EDI (Electronic Data Interchange) enabled ports or notified ports The shipping bill must be filed through ICES (Indian Customs EDI System) Exports should be in Free Foreign Exchange (not barter, counter trade, or re-export of imported goods) The entity must hold a valid Import Export Code (IEC) 1.4 MEIS — Pending Claim Procedure (2026) If you have unclaimed MEIS scrips for exports made before December 31, 2020, you can still file claims. Here is the step-by-step process: Login to the DGFT portal: dgft.gov.in using your IEC credentials Navigate to Services > MEIS > Online Application Upload the required documents: Shipping Bills (EDI), Bank Realisation Certificate (BRC/e-BRC), RCMC, and IEC Submit application along with applicable fees The Regional Authority (RA) of DGFT will process and issue the scrip Use the e-scrip on the ICEGATE portal for customs duty payment CHAPTER 2: RoDTEP — Remission of Duties and Taxes on Exported Products 2.1 What is RoDTEP? The Remission of Duties and Taxes on Exported Products (RoDTEP) scheme is the successor to MEIS and is fully WTO-compliant. Launched on January 1, 2021, and significantly expanded in subsequent years, RoDTEP aims to refund all previously unrebated taxes, duties, and levies borne by exporters at the Central, State, and local level during the manufacturing and distribution of export goods. Unlike MEIS (which was a subsidy-like incentive), RoDTEP strictly remits only the actual taxes paid by the exporter which were embedded in the cost of production but not otherwise refunded. This makes it WTO-compliant and sustainable in the long run. RoDTEP is NOT a subsidy. It is a remission of actual taxes paid. This includes State taxes on power, fuel, mandi fees, local body levies, and other costs that were embedded in the product price but not refunded under GST or Duty Drawback. 2.2 RoDTEP Rates — Updated 2026 The Government of India has released and revised RoDTEP rates through DGFT Notifications. The rates are expressed as a percentage of the FOB value of exports and are product-specific based on ITC-HS codes. In Budget 2025-26 (Union Budget presented in February 2026), the government continued extending RoDTEP benefits with revised rate schedules. Sector Typical RoDTEP Rate Range (% of FOB) Key ITC-HS Chapters Textiles & Apparel 0.5% – 4.3% HS 50–63 Engineering Goods 0.3% – 3.9% HS 72–84, 86–89 Chemicals & Pharma 0.1% – 2.5% HS 28–38 Marine Products 0.5% – 4.0% HS 03 Agriculture & Allied 0.5% – 5.0% HS 01–24 Plastics & Rubber 0.3% – 2.8% HS 39–40 Leather & Footwear 0.4% – 3.2% HS 41–64 Electronics 0.1% – 1.5% HS 84–85 Note: RoDTEP rates are updated periodically. Exporters must refer to the latest DGFT notification and the RoDTEP rate schedule annexed to each notification for exact rates applicable to their ITC-HS code. 2.3 RoDTEP — How it Works (Mechanism) RoDTEP benefits are issued as electronic transferable scrips (e-scrips) credited directly

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How to Start an Export Business in India

How to Start an Export Business in India: The Complete Step-by-Step Guide (2026) India is one of the world’s fastest-growing export economies. With a diverse product range, government support, and a massive manufacturing base, starting an export business in India has never been more rewarding. Whether you are a first-time entrepreneur or an established business looking to go global, this comprehensive guide will walk you through every step — from ideation and registration to finding buyers, shipping goods, and receiving payments. India’s exports crossed $776 billion in FY 2023-24 (goods + services), and the government has set an ambitious target of $2 trillion in exports by 2030. This is the best time to ride this wave and build your own export empire. Table of Contents What Is an Export Business? Why Start an Export Business in India? Types of Export Business Models Eligibility and Requirements Step-by-Step Process to Start an Export Business Important Documents Required for Export Government Schemes and Incentives for Exporters How to Find International Buyers Understanding Export Finance Shipping, Logistics & Customs Clearance Export Pricing Strategy Common Mistakes to Avoid Conclusion & Next Steps 1. What Is an Export Business? An export business involves selling goods or services produced in one country (India, in this case) to buyers in another country. India exports a wide range of products including textiles, gems and jewellery, engineering goods, pharmaceuticals, spices, handicrafts, leather goods, IT services, chemicals, and agricultural products. Export businesses can operate at various scales — from small home-based units exporting handicrafts, to large companies exporting industrial machinery. The structure and strategy differ based on the product, target market, and available capital. 2. Why Start an Export Business in India? Here are the top reasons India is an ideal country for launching an export business: Massive Production Base: India manufactures thousands of products at competitive prices, making Indian exports attractive globally. Government Support: Schemes like MEIS (now RoDTEP), EPCG, TMA, and PLI Schemes provide financial incentives. Strategic Geography: India is well-positioned to serve markets in Asia, Europe, the Middle East, Africa, and the Americas. Growing Trade Agreements: India has FTAs with ASEAN, UAE, Australia, and more, reducing tariff barriers. Digital Trade Platforms: B2B platforms like IndiaMART, Alibaba, TradeIndia, and government portals (DGFT) simplify global outreach. Low Cost of Production: Competitive labour and raw material costs ensure healthy profit margins. High Domestic Skill Base: India has world-class IT, pharmaceutical, engineering, and textile industries. Foreign Exchange Earnings: Export business earns foreign currency, strengthening your financial position. 3. Types of Export Business Models Before diving in, choose the right export model for your business: a) Merchant Exporter You buy goods from manufacturers and export them under your own name. No production involved — you act as the trading intermediary. b) Manufacturer Exporter You manufacture the goods yourself and export them directly. This offers better control over quality and pricing. c) Export House / Trading House You source from multiple suppliers and export under your brand. With sufficient export turnover, you can apply for Star Export House status. d) Dropshipping Exporter You take orders from international buyers and have manufacturers ship directly. Low capital investment, but thin margins. e) E-commerce Exporter You sell through Amazon Global, Etsy, eBay, or your own D2C website to international customers. Ideal for artisans, handicraft makers, and niche product sellers. 4. Eligibility and Requirements To start an export business in India, you need the following basics: A registered business entity (Proprietorship, Partnership, LLP, Pvt Ltd, or OPC) PAN Card for the business or individual A current bank account in a bank authorised for foreign exchange Import Export Code (IEC) — the most critical licence GST Registration (mandatory for exporters) RCMC (Registration Cum Membership Certificate) from the relevant Export Promotion Council 5. Step-by-Step Process to Start an Export Business in India Step 1: Conduct Market Research Identify which products have strong demand in international markets. Use tools like Google Trends, Trade Map (ITC), Volza, and DGFT export data to analyze global demand. Study competitor pricing, target countries, and seasonal trends. Step 2: Select Your Product & Niche Focus on products where India has a competitive advantage — textiles, spices, handicrafts, leather, engineering goods, pharma, gems, etc. Define your niche clearly. For example, instead of ‘textiles,’ narrow down to ‘hand-embroidered cotton kurtis for women in Europe.’ Step 3: Register Your Business Register a legal entity based on your scale: Sole Proprietorship — simplest, low cost, full control Partnership Firm — shared responsibility LLP (Limited Liability Partnership) — balanced option Private Limited Company — best for scaling and credibility Register through the Ministry of Corporate Affairs (MCA) portal or with a CA/CS professional. Step 4: Obtain PAN and Open a Current Bank Account Obtain a business PAN and open a current bank account in an Authorised Dealer (AD) category bank (e.g., SBI, HDFC, ICICI) to handle foreign exchange transactions. This is mandatory before applying for IEC. Step 5: Apply for Import Export Code (IEC) The Import Export Code (IEC) is a 10-digit unique identification number issued by the Directorate General of Foreign Trade (DGFT). It is mandatory for all exporters and importers in India. How to apply for IEC: Visit the DGFT portal: dgft.gov.in Click on ‘Services’ > ‘IEC’ > ‘Apply for IEC’ Fill in the online form with your business details Upload PAN, Aadhaar, photograph, and cancelled cheque Pay the fee of Rs. 500 online Receive IEC via email in 2-5 working days Step 6: Register for GST GST registration is essential. Exports are treated as ‘zero-rated supply’ under GST — you can claim refunds on input tax credits or export under a Bond/LUT without paying IGST. Register at gstin.gov.in. Step 7: Get RCMC from Export Promotion Council Register with the relevant Export Promotion Council (EPC) to access government benefits, subsidies, and marketing assistance. Examples: APEDA — for agricultural products FIEO — Federation of Indian Export Organisations EPCH — for handicrafts CLE — for leather products EEPC — for engineering goods Pharmexcil — for pharmaceuticals Step 8: Source Your

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