Textile exporters unhappy with MEIS enhancement as incentives remain low

DGFT has enhanced the rates under the MEIS from 2% to 4% on RMG and made-ups from November 2017 to June 2018

Despite government's decision to promote Merchandise Exports from India Scheme (MEIS) and Remission of State Levies (RoSL) for textile sector, textile exporters said they continue to witness a shortfall of 2.7 per cent in incentives compared to pre-GST era.

In a notification on Saturday late evening, Centre said post-GST rates of RoSL rose to maximum of 1.70 per cent for cotton garments, 1.25 per cent for MMF yarn, silk and woolen garments and 1.48% for apparel of blends.

"Rates are upto a maximum of 2.20 per cent for cotton made-ups, 1.40 per cent for MMF yarn and silk