MEIS has not been discontinued, says DGFT
MEIS has not been discontinued, says DGFT
New Delhi, Sep 10 (KNN) The Commerce Ministry has clarified that export incentive scheme Merchandise Exports from India Scheme (MEIS) has not been discontinued from August 1 this year and an inter-ministerial consideration is going on for continuation of 2 percent increase for labour intensive sectors.
"There has been confusion about MEIS/RoSCTL (Rebate of State and Central Taxes and Levies). It is clarified that MEIS has not been discontinued with effect from August 1, 2019, said DGFT in a tweet.
The issues under inter-ministerial consideration are - continuation of 2 percent increase sanctionedWith effect from November 11, 2017 in labour intensive/MSME sectors," it added.
"Continuation of MEIS for RMG and made-ups, continuation of RoSL with existing MEIS rates or RoSCTL only for RMG & made-ups," it said.
It added that the government decision would be notified on these issues at the earliest. "MEIS system has been blocked for LEO (Let Export Order ) after 1.8.2019 till then. We are sorry," it added.
New Delhi, Mar 22 (KNN) Despite a modest recession in the US and Europe,…
New Delhi, Mar 21 (KNN) In the fiscal year 2022-23, India’s economy is expected…
New Delhi, Mar 18 (KNN) V.V. Giri National Labour Institute (VVGNLI), an autonomous body of…
New Delhi, Mar 17 (KNN) In the next fiscal year the Indian economy is…
New Delhi, Mar 16 (KNN) India’s Foreign Trade Policy whose revision has been pending…