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.
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Friday, December 13, 2019
MeitY urges Finmin to bring back 4% exports sops on smartphones
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