Exporters' body hails MEIS based on HS Code Back to News & Events List


Exporters' body Federation of Indian Export Organisations (FIEO) recently said the recent decision by the DGFT to process majority of claims on HS code basis will help exporters.
 
There was a long pending demand of exporters to grant MEIS benefit on HS code basis, said FIEO President Ganesh Kumar Gupta, adding that the move will be a great relief to exporters.
 
He complimented the Commerce& Industry Minister for giving this relief to exporters at this difficult time, when large amount of exporters’ money is blocked on account of IGST and ITC refunds.
 
The FIEO President further said that the processing of MEIS claims on HS codes will cut down unnecessary delays and bring ease in the whole process of claiming the legitimate benefit.
 
 
Source: SME Times

Recent News


01

10/2018
Brazil and India increase business contact in agriculture and food sector

The Brazilian companies are expected to reach approx $80 mn in businesses in the food and agriculture sector over the next one year. Nine out of 20 companies which are visiting...

21

09/2018
Twenty-nine food safety labs in 25 states & UTs taken up for upgrades

Under the Central sector scheme of lab upgrades, 29 state food safety laboratories in 25 states and Union Territories (UTs) have been taken up so far for upgrades, while FSSAI ...

11

09/2018
Government procures 38 mn tonnes rice so far in 2017-18; exceeds target

The Centre's rice procurement has surpassed the target at 38 million tonnes so far in the ongoing 2017-18 marketing year that will end this month, a senior food ministry of...

31

08/2018
Indian agro exporters to get subsidy on sea routes

Farmer Producer Companies (FPCs) and co-operative institutes in the state of Maharashtra will get a subsidy of ?30.000 (€365) per container if they export fruits and veget...