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


11

08/2018
India-Myanmar border opens for trade

India's border with Myanmar was formally opened on Wednesday to facilitate trade between the two countries, officials said.   A function was held in the morning on...

26

07/2018
India extends $200 million credit lines to Rwanda; PM Modi holds talks with President Kagame

India on Monday extended $200 million lines of credit to Rwanda as Prime Minister Narendra Modi held wide-ranging talks with President Paul Kagame and discussed measures to st...

10

07/2018
India does not subsidise exports, complies with WTO norms: Suresh Prabhu

Dispelling the misconception that India subsidises its exports, Commerce Minister Suresh Prabhu today asserted that the country fully complies with the guidelines of the...

21

06/2018
India Says US Trade Preference Program Enhances Pace Of Economic Reforms

 India today told the Trump administration that the Generalized System of Preference program (GSP) would enhance India's development and the pace of economic reforms, ...