financetom
News
financetom
/
News
/
Exporters pending dues under MEIS to be cleared shortly: Government sources
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Exporters pending dues under MEIS to be cleared shortly: Government sources
Dec 7, 2021 10:04 AM

Pending dues of exporters under the Merchandise Exports from India Scheme (MEIS) for the September to December 2020 period will be cleared soon, government sources told CNBC-TV18.

Share Market Live

NSE

The office of the Director-General of Foreign Trade has taken up the issue with the Department of Revenue.

Several exporters have been complaining about pending dues under the MEIS which has now been replaced by the RoDTEP scheme. The dues for September-December 2020 period are pending as the Rs 5,000 crore limit for that period had been exhausted.

Seems its end of MEIS, it was on first cum first serve basis & many genuine exporters who were promised export benefit in 2020, exported goods that govt will fulfil the promised benefit, might hv to get burned with loss of MEIS https://t.co/zmlrcrfvV4

— Jitu Kanugo Jain (@JDKJain) November 17, 2021

"We have asked the Department of Revenue to relax the monetary limit imposed. There are sufficient funds available under MEIS from the Rs 56,000 crore package," said a source requesting anonymity.

(Edited by : Jomy Jos Pullokaran)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved