Revision of MEIS a welcome step: FIEO
Author(s): City Air NewsLudhiana, October 30, 2015: The newly announced revision in MEIS schedule by the Government is indeed a Diwali gift for the exporting community said Mr S C Ralhan, President, Federation of Indian Export Organisations...
cityairnews
Oct 30, 2015 12:30
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Ludhiana, October 30, 2015: The newly announced revision in MEIS schedule by the Government is indeed a Diwali gift for the exporting community said Mr S C Ralhan, President, Federation of Indian Export Organisations (FIEO).
FIEO President said that the MEIS scheme introduced in the new Foreign Trade Policy 2015-20 had not covered several items and countries which were eligible for rewards in the previous policy. This had given a huge pressure to exporters who had booked orders taking into consideration the benefits available to them and were therefore demanding this revision for a long time. He said that inclusion of 110 new tariff lines and revising rates and country coverage for 2228 tariff lines will indeed enhance price competitiveness to some extent and help in arresting the current downfall in exports. Now, total 5012 tariff lines are eligible for MEIS benefit added Mr Ralhan.
Date:
Friday, October 30, 2015
