 "GST impels review of export incentives")
With a national goods and services tax (GST) to take effect from July 1, the government has started a review of the Foreign Trade Policy (FTP), which could see some export incentives getting reduced in scope.
The Directorate General of Foreign Trade under the commerce ministry has been meeting legal and tax consultancy entities on the issue. Particularly on scrip-based incentives such as the Merchandise Exports from India Scheme (MEIS) and the Services Exports from India Scheme. The ministry or its agencies issue a scrip to an exporter to be used for payment of central taxes such as Customs duty or
