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MEIS AND SEIS BENEFITS
CAG pulls up govt for irregular grant of MEIS, SEIS benefits with revenue impact of Rs 725 crGovernment auditor CAG has flagged the Commerce Ministry and customs department for wrongly giving benefits under MEIS and SEIS schemes. Th...- FTAs should have review mechanism to ensure mid-way course correction: Parliamentary panelThe growing preference of firms located in major economies of Europe and the US to shift from China to other manufacturing bases provides a...
- Exporters to get ₹56,027 crore in dues under promotion schemesThe government will release ₹56,027 crore in pending dues to exporters under various export promotion schemes, commerce and industry minist...
- Govt to release Rs 56,027 cr to exporters for pending tax refundsThis amount is over and above duty remission of Rs 12,454 crore for the Remission of Duties and Taxes on Export Products (RoDTEP) Scheme an...
- Government notifies Rs 12,450 cr incentive scheme for exports, more schemes in pipelineThe rates for different sectors range between 0.3-4.3% under the incentive scheme that aims to refund exporters duties and taxes such as VA...
- Commerce Ministry seeks stakeholders' suggestions for next foreign trade policyDirectorate General of Foreign Trade (DGFT) in a trade notice said a Google form has been created to collate, analyse and process the sugge...
- Suspension of benefits under incentive schemes to affect exporting community's confidence: PHDCCIPHDCCI President Sanjay Aggarwal said, "The temporary suspension of disbursement of these scrips will have some impact on their confidence....
- Government suspends issuing export benefits under key schemesThe Directorate General of Foreign Trade (DGFT) said that benefits under the Merchandise Exports from India Scheme, Service Export from Ind...
- Govt looks to revamp key exports incentive scheme for services sectorThe government is looking to revamp a key exports incentive scheme for the services sector, the hardest hit by the Covid-19 pandemic. The p...
- CAG pulls up DGFT on export sops, suggests automated foolproof system for trade promotion schemesCAG suggested DGFT to insist on CA certificate on exact classification of service with Central Product Classification (CPC) code and the mo...
- Exporters fear uncertainty over govt’s move to cap export incentivesFederation of Indian Export Organisations (FIEO) President Sharad Kumar Saraf said exports that will be made during September-December 2020...
- Disposed of claims under services export scheme except Delhi, Mumbai, Bangalore: GovtThe government on Tuesday said that all claims related to a key scheme for services exports have been disposed of except those in Delhi, Mu...
- Foreign trade policy to be extended by 6 months till Sep 30The commerce ministry is already in consultation with all stakeholders for the preparation of the next policy (2020-25), as the validity of...
- SMEs move HC against cess on exempted exportersSome small and medium enterprises have dragged the government to court over levying cesses on firms exempted from customs duty even as the ...
- India’s exports won’t suffer even if existing benefits are quashed under WTO: CEPCThe industry has been rooting for broadening the ambit of the RoSL to more sectors since the government hasn’t been forthcoming on doling o...
- Exporters may get incentives based on R&D, specific clusters under new FTPThe commerce ministry is working on recasting the existing export incentive schemes in line with the global trade norms of WTO.
- Reduction in GST on supply of scrips to boost exports: FIEOFIEO president Ganesh Kumar Gupta said the decision will give a boost to premium on scrips which plummeted with restriction on utilisation ...
- Government unveils new foreign trade policy; aims to raise exports to $900 billion by 2020The simplified Foreign Trade Policy for 2015-20 collapses five earlier schemes for promotion of merchandise goods into one single programme.
- Foreign Trade Policy to promote eCommerce cos focusing on job creationUnder the new five-year Foreign Trade Policy, the govt will provide incentives to eCommerce companies exporting products from sectors that ...
- 25 salient features from new Foreign Trade Policy to push up India's exportsThe govt is pitching India as a friendly destination for manufacturing & exporting goods, and the new policy is being seen as an important ...
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