‘Tears of joy for merchants; govt allows onion export till 30 November

The government allowed exports of the Bangalore rose variety of onion with certain conditions until 30 November, giving relief to the producers of this specific commodity in Karnataka. Continue Reading

Export incentive scheme MEIS has not been discontinued

Under Merchandise Exports from India Scheme (MEIS), the government provides duty benefits depending on product and country. Rewards under the scheme are payable as percentage of realised free-on-board value and MEIS duty credit scrip can be transferred or used for payment of a number of duties including the basic customs duty. Continue Reading