The Indian government has withdrawn Merchandise Exports from India Scheme (MEIS) retrospectively from March 7, 2019 for HSN code chapters 61, 62 and 63. Claims already paid to the exporters under MEIS will be suitably adjusted against Rebate of State and Central Taxes and Levies (RoSCTL) and recoveries will be made wherever due, an official notification said.
Apparel manufacturers and exporters are not happy with the government's decision to withdraw Merchandise Exports from India Scheme (MEIS) for garments under HSN code chapters 61, 62 and 63 retrospectively from March 7, 2019.
Guwahati, Jan 17 (KNN) The first three-day summit for aspiring entrepreneurs in the North East, being organized by MSME Export Promotion Council (MSME-EPC), has begun today here.
India’s textile ministry recently announced a special one-time additional ad hoc incentive of up to 1 per cent of free on board (FoB) value for exports of apparel and made-ups.
The Indian government will ensure that cotton procured by the Cotton Corporation of India (CCI) is not kept unused, leading to problems for micro, small and medium enterprises (MSMEs), according to minister of textiles and women and child development Smriti Irani, who recently said the two-decade-old problem of obligation of Hank yarn production has also been resolved.
India’s textile ministry recently announced a special one-time additional ad hoc incentive of up to 1 per cent of free on board (FoB) value for exports of apparel and made-ups.