The Merchandise Exports from India Scheme (MEIS) is being re-designed to make exports from India GST-compliant and the issue of working capital requirements under the new tax regime is being deliberated upon by the government, said Neeraj Prasad, Additional Commissioner, GST Cell, Central Board o…
Tag: Merchandise Exports from India Scheme (MEIS)
Budget 2017: mobile makers seek incentives for making in India
Mobile handset makers operating in India expect the government to continue duty differential regime for mobile phones in the upcoming budget, amid business slowdown due to demonetisation and the imminent implementation of goods and service tax (GST) regime. Some feel that while the government sho…
Textile sector second largest job provider, says Make in India report
Textiles sector has emerged as the second largest job provider in the country, employing nearly 51 million people directly and 68 million indirectly in 2015-16, the Commerce Ministry report on Make in India achievement said. The textile sector accounts for 10 per cent of the country’s manuf…
Govt widens ambit of merchandise exports scheme
To contain a slide in outbound shipments, the government on September 22 widened the ambit of its Merchandise Exports from India Scheme (MEIS) to offer assistance on items ranging from certain varieties of garments to marine products and engineering goods, which would potentially cost the exchequ…
Government broadens the ambit of MEIS to enable ease of doing biz for exports
The government has broadened the ambit of its Merchandise Exports from India Scheme (MEIS) and scrapped a requirement for exporters to submit landing certificates of goods to avail of benefits under the MEIS, as it steps up efforts to improve the ease of doing business and reverse a slide in the …