SME Times News Bureau | 22 Feb, 2018
Exporters'
body Federation
of Indian Export Organisations (FIEO) recently
said the recent decision by the DGFT
to process majority of claims on HS code basis will help
exporters.
"There
was a long pending demand of exporters to grant MEIS benefit on HS
code basis," said
FIEO President Ganesh
Kumar Gupta, adding
that the move will be a
great relief to exporters.
He
complimented the Commerce& Industry Minister for giving this
relief to exporters at this difficult time, when large amount of
exportersâ money is blocked on account of IGST and ITC refunds.
The
FIEO President
further said that the processing of MEIS claims on HS codes will cut
down unnecessary delays and bring ease in the whole process of
claiming the legitimate benefit.