MACHINE-TOOLS (INCLUDINGPRESSES) FOR WORKING METAL BYFORGING, HAMMERING OR DIE-STAMPING; MACHINE-TOOLS(INCLUDING PRESSES) FOR WORKINGMETAL BY BENDING, FOLDINGSTRAIGHTENING, FLATTENING,SHEARING, PUNCHING OR NOTCHING;PRESSES FOR WORKING METAL ORMETAL CARBIDES, NOT SPECIFIED ABOVE.
HS codes falls under this category.
| HS Codes | Duty Drawback | Unit | Drawback Rate | Drawback cap per unit in Rs. |
| 84621011 | Duty Drawback | 1.5 | ||
| 84621012 | Duty Drawback | 1.5 | ||
| 84621013 | Duty Drawback | 1.5 | ||
| 84621014 | Duty Drawback | 1.5 | ||
| 84621019 | Duty Drawback | 1.5 | ||
| 84621020 | Duty Drawback | 1.5 | ||
| 84621030 | Duty Drawback | 1.5 |
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 |
| 84621011 | Forging or die-stamping machines (including presses) and hammers:Hammers:Steam or air, single frame | - |
| 84621012 | Forging or die-stamping machines (including presses) and hammers:Hammers:Steam or air, double frame | - |
| 84621013 | Forging or die-stamping machines (including presses) and hammers:Hammers:Headers & upsetters | - |
| 84621014 | Forging or die-stamping machines (including presses) and hammers:Hammers:Double acting counter blow, air or steam | - |
| 84621019 | Forging or die-stamping machines (including presses) and hammers:Hammers:Other | - |
| 84621020 | Forging or die-stamping machines (including presses) and hammers:Hammers:Forging machines | - |
| 84621030 | Forging or die-stamping machines (including presses) and hammers:Hammers:Die stamping machines | - |
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