Exports of 6 out of 10 key agricultural products shrink in October
In October this year, agricultural products such as rice and cereals witnessed a huge decline, of 40.68% and 39.27% respectively Deepak Kumar |The Dollar Business Bureau The government had, last month, announced a 3% interest subsidy scheme applicable on all exports of Micro, Small and Medium Enterprises (MSME) and 416 tariff lines Exports of six out of ten agricultural products tumbled by a significant margin in October this year, while overall exports contracted by 17.53% to $21.35 billion. Exports of oil meals recorded the maximum decline as it fell by over 65% to $28.34 million from last years $81.06 million. Other agricultural products such as rice and cereals, too, witnessed a huge decline, falling by 40.68% and 39.27% respectively. During the month, outbound shipments of ...
Declaration of intent under MEIS Scheme - reg
Dated September 23, 2015 | Copy of | Notification No.40/2015-2020 | DGFT has received various representations from exporters and trade & Industry that many Custom House Agents of exporters have inadvertently ticked “N” in the reward item box while filing the shipping bills with Customs. Even though in many cases the item of export is eligible for MEIS, as “N” has been ticked, such shipping bills have not been transmitted to the DGFT system and exporters are therefore unable to obtain/find these shipping bills on the system for submitting claims under MEIS. It is also noted that the system of marking “Y” or “N” is not new and is in operation since 2012. Since para 3.01 (g) of Hand Book of Procedure ...
