Apparel exporters have applauded the central government’s decision to continue the Merchandise Exports from India Scheme (MEIS), an incentive scheme to promote exports, till December 31, 2019.The MEIS would provide duty credit scrip to compensate the duty paid by the exporters. The scheme was earlier supposed to be stopped after July 31. But the exporters were worried that it would further deepen crisis in apparel exports which was already facing several challenges including stiff international competition.
If MEIS would have been scrapped, the incentives received by the exporters would have been halved. This would have made it difficult for them to survive in the market.
