• AEPC welcomes the extension of MEIS scheme
AEPC has welcomed the extension of the Merchandise Exports from Indian Scheme beyond June 2018. Earlier the Ministry of Commerce and Industry through a notification extended the applicability of MEIS scheme on garments & made ups beyond June 2018.
Commenting on the extension of MEIS scheme, HKL Magu, Chairman, apparel export promotion Council (aepc) said, “On behalf of the apparel export industry, AEPC gratefully acknowledges the support given by the Government by extending the MEIS scheme indefinitely beyond June, 2018.At present , the Industry is going through a tough period with its competitiveness greatly eroded. This is reflected in the unprecedented month on month decline in the apparel exports every month after October 2017.
The extension in MEIS scheme has given us a breather and sanction of our request to ensure that all embedded, nonreimbursed central and state levies be refunded which will help in restoring the competitiveness of Indian exports . This will enable us to increase India’s share in the world market and given our high employment intensity, create significant employment opportunities across India.”