The government has decided to release Rs 56,027 crore to exporters against pending tax refunds under different export incentive schemes.
This amount includes claims relating to like 𝐌𝐄𝐈𝐒((𝐌𝐞𝐫𝐜𝐡𝐚𝐧𝐝𝐢𝐬𝐞 𝐄𝐱𝐩𝐨𝐫𝐭 𝐈𝐧𝐝𝐢𝐚 𝐒𝐜𝐡𝐞𝐦𝐞), 𝐒𝐄𝐈𝐒(𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐄𝐱𝐩𝐨𝐫𝐭𝐬 𝐈𝐧𝐝𝐢𝐚 𝐒𝐜𝐡𝐞𝐦𝐞), 𝐑𝐨𝐒𝐋(𝐑𝐞𝐛𝐚𝐭𝐞 𝐨𝐟 𝐒𝐭𝐚𝐭𝐞 𝐋𝐞𝐯𝐢𝐞𝐬), 𝐑𝐨𝐒𝐂𝐓𝐋(𝐑𝐞𝐛𝐚𝐭𝐞 𝐨𝐟 𝐒𝐭𝐚𝐭𝐞 𝐚𝐧𝐝 𝐂𝐞𝐧𝐭𝐫𝐚𝐥 𝐋𝐞𝐯𝐢𝐞𝐬 𝐚𝐧𝐝 𝐓𝐚𝐱𝐞𝐬), 𝐨𝐭𝐡𝐞𝐫 𝐬𝐜𝐫𝐢𝐩 𝐛𝐚𝐬𝐞𝐝 𝐬𝐜𝐡𝐞𝐦𝐞𝐬 𝐫𝐞𝐥𝐚𝐭𝐢𝐧𝐠 𝐭𝐨 𝐞𝐚𝐫𝐥𝐢𝐞𝐫 𝐩𝐨𝐥𝐢𝐜𝐢𝐞𝐬 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐫𝐞𝐦𝐢𝐬𝐬𝐢𝐨𝐧 𝐬𝐮𝐩𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐑𝐨𝐃𝐓𝐄𝐏 𝐚𝐧𝐝 𝐑𝐨𝐒𝐂𝐓𝐋 for exports made in the 4th quarter of FY 20-21.
Benefits would be disbursed to more than 45,000 exporters, out of which about 98% are small exporters in the MSME category.
Export claims relating to earlier years will need to be 𝐟𝐢𝐥𝐞𝐝 𝐛𝐲 𝐭𝐡𝐞 𝐞𝐱𝐩𝐨𝐫𝐭𝐞𝐫𝐬 𝐛𝐲 𝐃𝐞𝐜𝐞𝐦𝐛𝐞𝐫 𝟑𝟏, 𝟐𝟎𝟐𝟏 beyond which they will become time barred.
The Online IT portal will be enabled shortly to accept MEIS and other scrip based applications and would be integrated with a robust mechanism set up by Ministry of Finance to monitor provisioning and disbursement of the export incentives under a budgetary framework.
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