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of <h1>India Increases Export Incentives: MEIS Reward Rate for ITC HS Code 07122000 Rises from 3% to 5% Effective Now.</h1> The Directorate General of Foreign Trade, under the Ministry of Commerce & Industry, Government of India, has announced an amendment to the Foreign Trade Policy 2015-2020. The reward rate for the Merchandise Exports from India Scheme (MEIS) under ITC HS Code 07122000 has been increased from 3% to 5%. This change is effective immediately and aims to enhance export incentives for the specified product category.
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