Abbreviated as MEIS Scheme, the Merchandise Exports From India Scheme was part of India’s efforts to encourage exports.
MEIS was introduced in replacement of Focus Market Scheme or Focus Product Scheme.
When the Specific Exports and Average Exports (if applicable) are done under the license, the exporter needs to redeem the license in other, words get redemption from the License.
Advance license is basically a scheme offered by govt. of India to help exporters import raw material duty-free for the product that is to be exported.
EPCG stands for Export Promotion Capital Goods which means Promotion of exports with the help of Capital Goods.
Let's talk about Pre-Import Conditioned Duty Credit Licenses first. To know more about - DGFT Guru
Licenses or Authorizations in regard to DGFT can be of many types. To know more - DGFT Guru
Actual User Licenses are those licenses in which Imports are done by the Exporter itself and it cannot be sold to any Importer.
All types of norms are available for Exporters under DES. To know more read - DGFT Gurus
Standard Input Output Norms (SION) are set of standards having quantities fixed by DGFT for duty free imports against the exports