- Merchandise Exports from India Scheme is popularly known as MEIS Scheme.
MEIS is a duty scrip given as a reward by the government to an exporter of goods.
The value of the scrips is 2% to 5% of the FOB value of goods exported.
- There are more than 4000 tariff lines which are eligible for MEIS.
The scrips can be used to offset import duties and are freely transferable.
We provide consultancy services to our clients for availing such MEIS benefits.
- Service Exports from India Scheme (SEIS) aims to promote export
of services from India by providing duty scrip credit for eligible exports.
Under the scheme, service providers, located in India, would be rewarded under
the SEIS scheme, for all eligible export of services from India.
- We provide advisory and procedural compliance services to our clients to avail this benefit.
- Stand Up India Scheme facilitate bank loans between 10 lakh and 1
crore to at least one scheduled caste (SC) or Scheduled Tribe, borrower
and at least one women per bank branch for setting up a greenfield enterprise.
- This enterprise may be in manufacturing, services or the trading sector.
In case of non-individual enterprises at least 51% of the shareholding and controlling stake
should be held by either an SC/ST or Woman entrepreneur.
- We help our clients in utilizing Stand up India Scheme benefits for their business.
- Under the Start-up India Scheme, eligible companies can get recognized
as Start-ups by DPIIT, in order to access a host of tax benefits, easier compliance,
IPR fast-tracking & more. Most of the start-up companies are focused on increased revenues
and maximized profits by various methods.
Eligibility criteria for Startup recognition
- An entity shall be considered as a Startup up to a period of ten years from the date of incorporation or
registration, if it is incorporated as a private limited company or registered as a partnership firm or a
limited liability partnership in India.
- Turnover should not exceed INR 100 crore in any of the financial years since incorporation / registration.
- Entity should be working towards innovation, development or improvement of products or processes or services, or
it should be a scalable business model with a high potential of employment generation or wealth creation.
- An entity formed by splitting up or reconstruction of an existing business shall not be considered a Start-up.
- Considering the above, if you are an eligible entity to register as a start-up, you can see the steps to register under DIPP.
- In the course of business, start-ups, like any other business entity, can rely heavily on specific intellectual property (IP) rights,
and especially one that aspires to cater to a global market, should ensure that its intellectual properties are adequately protected.
- There are blogeral intellectual property benefits which can be availed under start-up registration.