Government's Move To Dispense Landing Certificate Commendable: FIEO

New Delhi, May 5, 2016: The recent measure by the Commerce Ministry to include additional markets for 2787 tariff lines under the Merchandise Export from India Scheme (MEIS) is a welcome step in the current export slow down, this was stated by Shri S C Ralhan, President, Federation of Indian Export Organisations (FIEO).
Shri Ralhan said that FIEO has been taking regularly with the Government this issue of landing certificate, which is required for all claims under the MEIS and for which exporters were paying around Rs 2000 per shipping bill to shipping companies. As per FIEO estimate, exporters were incurring overall around Rs 700 crore per year to obtain landing certificate. By inclusion of additional markets for 2787 tariff lines, the Government has extended MEIS benefit for these items to all group of countries i.e. Group A,B and C. This measure will dispense the need of submitting proof of landing certificate by exporters for claiming MEIS benefit for 2787 items, which is a big relief as it will save large amount of transaction cost and time of the exporting community. This is the fourth revision in the MEIS since announcement of the Policy, the last revision was held during October by adding 100 tariff lines and amending rates for 2228 tariff lines. It is indeed encouraging that the Commerce Ministry has been sensitive to the concerns of the exporters in this difficult phase said FIEO Chief.