New Delhi, Sep 10 (KNN) The Commerce Ministry has clarified that export incentive scheme Merchandise Exports from India Scheme (MEIS) has not been discontinued from August 1 this year and an inter-ministerial consideration is going on for continuation of 2 percent increase for labour intensive sectors.

"There has been confusion about MEIS/RoSCTL (Rebate of State and Central Taxes and Levies). It is clarified that MEIS has not been discontinued with effect from August 1, 2019, said DGFT in a tweet.

The issues under inter-ministerial consideration are - continuation of 2 percent increase sanctionedWith effect from November 11, 2017 in labour intensive/MSME sectors," it added.

"Continuation of MEIS for RMG and made-ups, continuation of RoSL with existing MEIS rates or RoSCTL only for RMG & made-ups," it said.

It added that the government decision would be notified on these issues at the earliest. "MEIS system has been blocked for LEO (Let Export Order ) after 1.8.2019 till then. We are sorry," it added.

Published On : 10-09-2019

Source : Mena FN