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Govt should extend MEIS till December 31 in its present form to help exporters: CII
Sep-23-2020

In its suggestions list, Industry body the Confederation of Indian Industry (CII) has said that the government should extend the export incentive scheme Merchandise Exports from India Scheme (MEIS) till December 31 in its present form to help exporters.

As per the CII, the extension will help address the accounting problem of exporters as they can book the receivables under the Merchandise Exports from India Scheme in the current financial year. The government has capped export incentives under MEIS at Rs 2 crore per exporter on outbound shipments made during the period from September 1 to December 31, 2020.

Industry body also suggested that the ambit of coverage under the Emergency Credit Line Guarantee Scheme should be extended to the extent of any unutilised amount for revival of stressed sectors, including civil aviation, hospitality and tourism.

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