MeitY urges Finmin to bring back 4% exports sops on smartphones

The ministry of electronics and IT has approached the Finance ministry to reinstate the export duty credit scrips under Merchandise Export Incentive Scheme (MEIS) in order to evade a massive job loss from the smartphone industry. The government announced reducing the export duty credit scrips given to the industry to 2% from 4%, starting January 1.

from Economy-News-Economic Times https://ift.tt/2PJUKR6
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