Govt extends MEIS scheme for export of fresh or chilled onions till March 31, 2017

New Delhi, Jan 2 (KNN) The Merchandise Exports from India Scheme (MEIS) benefit for export of ‘Onions Fresh or Chilled’ has been extended up to March 31, 2017.

The MEIS benefit has been extended under ITC (HS) code 07031010.

MEIS of 5% was introduced for export of "onions fresh or chilled" with effect from August 26, 2016 which was valid up to December 31.

After an appeal made by Lasalgaon APMC and onion exporter that prices would decline if the government did not extend the subsidy, the Ministry of Commerce & Industry took the decision along with DGFT. (KNN Bureau)