ANNOUNCEMENT 17 Dec 2018
An export incentive of 5% has been provided on Sal oil, Kokam oil and Mango Butter.
NUMBER OF INTERVENTIONS
Public Notice 60/2015-2020 - 17 December 2018
On 17 December 2018, the Indian Ministry of Commerce and Industry through Public Notice 60/2015-2020 introduced an export incentive at the rate of 5% on Sal oil, Kokam oil, and Mango Butter. The incentive is provided under the Merchandise Exports Incentive Scheme (MEIS).
The incentives are calculated on the FOB value of such exports and are issued as duty credit scrips which can be used for the payment of future import duty related liabilities.