Trade pol­icy boost for MSME ex­porters

India Business Journal - - NEWS ROUND-UP -

The midterm re­view of the For­eign Trade Pol­icy (2015-20) has brought in ad­di­tional re­lief worth Rs 8,450 crore an­nu­ally for the labour­in­ten­sive and MSME sec­tors. Ex­porters of labour-in­ten­sive items, such as leather and footwear, agri­cul­ture and marine prod­ucts, and hand­made car­pets, among others, will now be el­i­gi­ble for 2 per cent higher in­cen­tives across the board un­der the pop­u­lar Mer­chan­dise Ex­port from In­dia Scheme (MEIS). Un­der MEIS, ex­porters are given duty-ex­emp­tion scrips that are fixed at a cer­tain per­cent­age of the to­tal value of their ex­ports. The scrips can be used to pay du­ties on in­puts.

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