Review withdrawal of MEIS, reinstate benefits: Apparel export body to govt

As the industry has already taken benefits of RoSCTL and MEIS into account in costing and tax-planning, Sakthivel said, withdrawal of any of these benefits will affect their working capital

The Apparel Export Promotion Council (AEPC) has requested the government to review the retrospective withdrawal of Merchandise Exports from India Scheme (MEIS), and demanded reinstatement of MEIS benefits till March 31, 2020. Rebate of State and Central Taxes and Levies (RoSCTL) announced on March 7, 2019 was in addition to the MEIS benefits, AEPC said.

"Review of the retrospective withdrawal of the benefits will go a long way in ensuring the much needed growth of this sector and resultant creation of additional investment and employment, thereby fulfilling prime minister's dream of making India a $5 trillion economy, " AEPC's Chairman,