Electronics exports: Budget may retain MEIS incentive
The MEIS scheme was found to violate the World Trade Organization rules as it was export focussed and India has appealed the organisation’s ruling on the subject.
Government restores 2% additional duty benefit to mobile phone export
The duty benefit under the Merchandise Export from India Scheme (MEIS) ...
Handset makers want a further extension of additional export duty incentive
The growth in 2018-19 in mobile phones export was 850% or Rs 1,30...
Push for MSMEs to join ecomm exports
The move comes ahead of the government finalising the ecommerce policy. The government is urging ecommerce platforms to push exports and ensure that smaller units are included, and not just mainstream companies.
Apparel, made-ups exports get 1% ad hoc sop
The textile ministry has announced a special one-time additional ad hoc incentive of up to 1% of free on board (FoB) value for exports of apparel and made-ups.
Xiaomi, MAIT want MEIS export sops back
The Manufacturers’ Association of Information Technology (MAIT), apex body of electronic product makers, has urged the government to restore the 4-5% incentive under the Merchandise Exports of India Scheme (MEIS).
Spices export plunge on withdrawal of MEIS benefits
India exports around Rs 18,000 crore worth of spices annually and over the years its dominance has come down to a few spices such as chilli, cumin, turmeric and spice oils and oleoresins from around 20 items. Exporters claim duty credits ranging from 2-7 % under MEIS which they discovered were disabled by DGFT from August 1, resulting in a slowdown in shipments.
Why India needs to stop betting on MEIS scheme to boost exports
When the Nirmala Sitharaman-led Ministry of Commerce and Industry took almost a year in office to introduce the new Foreign Trade Policy (FTP) in 2015, there were expectations that it would usher in a new era in India's trade.
India can continue with disputed export subsidies
The US has blocked the appointment of judges for more than two years, crippling the multilateral trade agency’s dispute settlement mechanism. It has criticised the body for its “flawed” interpretation in various cases, failure to issue reports within the mandatory 90-day period, its composition and compensation to the members.
Partial revival of export sops cheers spice traders
India exports around Rs 18,000 crore worth of spices every year.
Soybean Association urges govt to ask DGFT to release MEIS scrips at 7% for exports
From August 1, DGFT has stopped accepting MEIS applications for soybean meal and deactivated the relevant link for online filing of claims.
Government looks to develop electronics component manufacturing base in India: MeiTY secy
The last five years, the MeiTY secretary said, witnessed a resurgence of manufacturing in India, starting with assembling of mobile phones.
Nirmala Sitharaman announces new measures to boost India exports: Watch highlights
Finance Minister Nirmala Sitharaman Saturday introduced RoDTEP - Remission Of Duties for Export Products - to replace the existing Merchandi...
Exporters bullish on new measures, industry watchers strike cautionary note
Experts feel that the exporters' entire focus should not be reliant on government measures alone.
All tax refunds under new export scheme may be tough, says finance ministry
On an average, the government has estimated that the incidence of central and state levies added up to 4-5%, which needed to be refunded.
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