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Process to avail export incentives eased
Highlights
The Commerce Ministrys foreign trade arm DGFT has simplified the procedure for traders to avail export incentives under the MEIS scheme, a move aimed at promoting ease of doing business for exporters
New Delhi: The Commerce Ministry's foreign trade arm DGFT has simplified the procedure for traders to avail export incentives under the MEIS scheme, a move aimed at promoting ease of doing business for exporters.
Under Merchandise Exports from India Scheme (MEIS), the government provides duty benefits depending on the product and country.
The Directorate General of Foreign Trade (DGFT) will start the process of system driven approval of the MEIS claim applications from today in respect of exports made through EDI (electronic data interface) shipping bills.
The move will enable automatic approval of claims made by exporters to avail incentives under this scheme and the new process is allowed through electronic data interchange ports.
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