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22/09/2016 11:06am

Government includes 2901 addtl items under MEIS and increases rates of 575 items

image Government includes 2901 addtl items under MEIS and increases rates of 575 items

New Delhi, Sep 22 (KNN) In the backdrop of the continued challenging global environment being faced by Indian exporters, Department of Commerce has extended support to certain new products and enhanced the rate of incentives for certain other specified products under the Merchandise Exports from India Scheme (MEIS).

The major highlights of the support include addition of 2901 additional products falling under different product categories.  These include items in the areas of traditional medicines like Ashwagandha herbs and its extracts, other herbs, extracts of different items; Certain marine products, sea feed items; Onion dried, processed cereal products and other value added items of plastics, lather articles, suitcases etc.

Further, it has also included Industrial products under different categories, including engineering goods, fabrics, garments, chemicals, ceramics, glass products, leather goods, newspapers, periodicals, silk items, made ups, wool products, tubes, pipes etc.

Rates of 575 product items falling under 11 products categories have been increased.

These product include products of iron and steel, handicrafts, moulded and extruded goods, rubber, ceramic, glass, auto tyres and tubes, industrial machinery engineering items, IC Engines, machine tools / parts, items of wood, paper, stationary, footwear, auto seats, steel furniture, prefabs, items under the category of butter, ghee and cheese, dried egg albumin and rubber products

Now the total number of items covered under the scheme has been increased from 5012 to 7103. The total support extended by Government of India under the scheme has been enhanced from the present Rs 22,000 crore to Rs 23,500 crore per annum. (KNN Bureau)


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