Advertisement
Thursday, Dec 02, 2021
Outlook.com
Outlook.com

MEIS export benefits extended to two pharma products

MEIS export benefits extended to two pharma products
outlookindia.com
1970-01-01T05:30:00+0530
New Delhi, Jul 27 (PTI) The government on Tuesday extended export benefits under MEIS to two pharma products for shipments made during January 1, 2017 to December 31, 2020, according to a public notice of the commerce ministry.

Under Merchandise Exports from India Scheme (MEIS), the government provides duty benefits depending on product and country.

Rewards under the scheme are payable as percentage of realised free-on-board value and MEIS duty credit scrip can be transferred or used for payment of a number of duties including the basic customs duty.

"The two products have been included in the MEIS schedule and are eligible for MEIS benefits for exports made in the period January 1, 2017 to December 31, 2020 at the rate of 3 per cent," DGFT (Directorate General of Foreign Trade) said in a public notice.

Federation of Indian Export Organisations (FIEO) DG Ajay Sahai said these goods were covered earlier also under MEIS but because of certain anomalies they were not able to enjoy the benefits and now the government has clarified that.

"It is a good move, it would help the sector," Sahai said. PTI RR

ANU

ANU


Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI

More from Website

How To Get The Best From Your Employers’ Health Insurance Cover?

How To Get The Best From Your Employers’ Health Insurance Cover?

Corporate insurance plans are often superior to health insurance plans bought directly by the employee in terms of family members included, diseases covered, and more.

Premier League 2021-22: Liverpool Ride On Mohamed Salah Brace To Claim Merseyside Derby

Premier League 2021-22: Liverpool Ride On Mohamed Salah Brace To Claim Merseyside Derby

With a 4-1 win over Everton in Premier League 2021-22, Liverpool became the first top-flight English team to score at least twice in 18 straight matches in all competitions. This was the 239th Merseyside derby.

How Digital Insurance Policy Documents Can Make Your Life Easy

How Digital Insurance Policy Documents Can Make Your Life Easy

Insurers are now issuing policy documents digitally as it has now become possible to make claims digitally. Moreover, it is also easier to store them online.

More from Outlook Magazine

Letter From The Issue Editor

Letter From The Issue Editor

Home Together

Home Together

It’s an orphanage for young transgenders and others, who are socially ostracized.

Elvis Plays A Different Game

Elvis Plays A Different Game

Advertisement

Outlook Newsletters

Advertisement
Advertisement