HS Code of 121229 (LOCUST BEANS, SEAWEEDS ANDOTHER ALGAE, SUGAR BEET ANDSUGARCANE, FRESH, CHILLED,FROZEN OR DRIED, WHETHER OR NOTGROUND; FRUIT STONES ANDKERNELS AND OTHER VEGETABLE PRODUCTS (INCLUDING UNROASTED CHICORY ROOTS OF THE VARIETY Ci- Chorium Intybus Sativum ) OF A KIND USED PRIMARI LY FOR HUMAN CONSUMPTION, NOT ELSEWHERE SPECIFIED OR INCLUDED)

Description:

LOCUST BEANS, SEAWEEDS ANDOTHER ALGAE, SUGAR BEET ANDSUGARCANE, FRESH, CHILLED,FROZEN OR DRIED, WHETHER OR NOTGROUND; FRUIT STONES ANDKERNELS AND OTHER VEGETABLE PRODUCTS (INCLUDING UNROASTED CHICORY ROOTS OF THE VARIETY Ci- chorium intybus sativum ) OF A KIND USED PRIMARI LY FOR HUMAN CONSUMPTION, NOT ELSEWHERE SPECIFIED OR INCLUDED.

HS codes falls under this category.

Incentives of 121229 (LOCUST BEANS, SEAWEEDS ANDOTHER ALGAE, SUGAR BEET ANDSUGARCANE, FRESH, CHILLED,FROZEN OR DRIED, WHETHER OR NOTGROUND; FRUIT STONES ANDKERNELS AND OTHER VEGETABLE PRODUCTS (INCLUDING UNROASTED CHICORY ROOTS OF THE VARIETY Ci- Chorium Intybus Sativum ) OF A KIND USED PRIMARI LY FOR HUMAN CONSUMPTION, NOT ELSEWHERE SPECIFIED OR INCLUDED)
HS Codes Duty Drawback Unit Drawback Rate Drawback cap per unit in Rs.
12122910 Duty Drawback - 0.15 -
12122990 Duty Drawback - 0.15 -

REWARD UNDER MERCHANDISE EXPORTS FROM India SCHEME (MEIS) [AS % ON FOB VALUE OF EXPORTS]

PLEASE NOTE: TOTAL INCENTIVE EQUALS SUM OF MEIS AND DUTY DRAWBACK.FOR INSTANCE, FOR Other FALLING UNDER HS CODE: 150290 INCENTIVES FROM THE GOVERNMENT IS 0.15%.

HS Codes Product Description Reward under MEIS
12122910 Other:Seaweeds 0.5%%
12122990 Other:Other algae 0.5%%
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