Press Information Bureau

Government of India

Ministry of Commerce & Industry

22-September-2016 15:51 IST

In the backdrop of the continued challenging global environment being faced by Indian exporters, Department of Commerce has extended support to certain new products and enhanced the rate of incentives for certain other specified products under the Merchandise Exports from India Scheme (MEIS). This has been implemented through DGFT public Notice No 32 dated 22.09.2016.

The following are the major highlights of the support:-

Addition of new products –

2901 additional products falling under different product categories have been added. These include items in the following areas:

Many items of traditional medicines like Ashwagandha herbs and its extracts, other herbs, extracts of different items.

Certain marine products, sea feed items.

Onion dried, processed cereal products and other value added items of plastics, lather articles, suitcases etc

Industrial products under different categories, including engineering goods, fabrics, garments, chemicals, ceramics, glass products, leather goods, newspapers, periodicals, silk items, made ups, wool products, tubes, pipes etc.

Increase in MEIS rates –

Rates of 575 product items falling under 11 products categories have been increased. These product include products of iron and steel, handicrafts, moulded and extruded goods, rubber, ceramic, glass, auto tyres and tubes, industrial machinery engineering items, IC Engines, machine tools / parts, items of wood, paper, stationary, footwear, auto seats, steel furniture, prefabs, items under the category of butter, ghee and cheese, dried egg albumin and rubber products

With this the total number of items covered under the scheme has been increased from 5012 to 7103. The total support extended by Government of India under the scheme has been enhanced from the present ₹ 22,000 crore to ₹ 23,500 crore per annum.

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MJPS

Merchandise export incentives expanded: broader product coverage and increased rates to enhance export support under MEIS Extended incentives under Merchandise Exports from India Scheme (MEIS) add 2,901 products across sectors-traditional medicines, marine products, processed foods, plastics, leather, engineering goods, textiles and related items-raising total coverage from 5,012 to 7,103 items. MEIS rates are increased for 575 items across eleven product groups including iron and steel, handicrafts, rubber, ceramic and glass, auto tyres, industrial machinery and machine tools, wood and paper products, and certain food items. The scheme's annual support ceiling is increased from Rs. 22,000 crore to Rs. 23,500 crore.