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Norm relaxed to avail export benefits under MEIS

Exporters have been relieved from submitting the landing certificate of goods to avail benefits under the Merchandise Exports India Scheme (MEIS).

According to Commerce and Industry Ministry, the move is aimed at improving ease of doing business in the country to promote exports, which are in the negative zone since December 2014.

Under the scheme, the government provides duty benefits at 2 per cent, 3 per cent and 5 per cent depending upon the product and country.

The Merchandise Export from India Scheme was introduced in the Foreign Trade Policy 2015-20 on April last year. MEIS aims to incentivize export of merchandise which are produced and manufactured in India.

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