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Trying for solution on MEIS; in dialogue with requisite authorities: Goyal

Under merchandise export from India scheme, the government provides duty benefits depending on product and country

Piyush goyal

Union Minister Piyush Goyal. Photo: PTI

Press Trust of India New Delhi
The commerce and industry ministry is trying to find a solution on the issue of export incentive scheme MEIS without having a "serious" impact on government finances, Union Minister Piyush Goyal said on Thursday.
The commerce ministry has blocked the online system for exporters to apply for availing tax incentives under the MEIS (merchandise export from India scheme) from July 23, as the Department of Revenue decided to limit the benefits under the plan at Rs 9,000 crore for April-December 2020.
"I do not have a knee jerk solution on the MEIS. But, we are in dialogue with the requisite authorities. It's

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First Published: Jul 30 2020 | 4:09 PM IST

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