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. |
| 84624910 | Duty Drawback | 1.5 | ||
| 84624920 | Duty Drawback | 1.5 | ||
| 84624930 | Duty Drawback | 1.5 | ||
| 84624990 | 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 |
| 84624910 | Other:Punching machines (including turret) | 1%% |
| 84624920 | Other:Combination of punching, shearing and cropping machines | 1%% |
| 84624930 | Other:Nibbling machines | 1%% |
| 84624990 | Other | 1%% |
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