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Exporters welcome widening of purview of MEIS.


Date: 26-09-2016
Subject: Exporters welcome widening of purview of MEIS
LUDHIANA: Thanking the Commerce & Industry Minister for providing additional support to the exports sector by expanding the purview of Merchandise Exports from India scheme (MEIS), SC Ralhan, and President of Federation of Indian Export Organisation (FIEO) said, "By adding 2901 products in the list of MEIS government has taken a right step at a right time.

This will provide wider coverage and now about 70% of total tariff lines as against 46% earlier would be covered under the scheme".

Ralhan also added," The Government has tried to cover as many products as possible under the scheme and the higher MEIS on 575 products will give them added competitiveness to face the increasing global challenges.

The changes cover agricultural products including marine and industrial goods such as pipes and tubes, machinery, engines, machine tools, textiles and garments, leather goods, handicrafts, glass and ceramics goods which will give a fillip to job creation as well".

Source : timesofindia.indiatimes.com

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