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Sep, 22 2018

Government decides to increase duty incentives for exports of milk products

Earlier, the government had enhanced the duty benefits to 10% for certain agriculture and dairy sector items under MEIS.

For boosting overseas shipments of milk and certain milk products, the government has decided to increase duty benefits for exports of these products under the Merchandise Export from India Scheme (MEIS).

Earlier, the government had enhanced the duty benefits to 10% for certain agriculture and dairy sector items under MEIS.

The government official said, "Now, it has been decided to increase export incentives on milk and certain milk products from 10 per cent to 20 per cent for about four months up to January 12 next year under MEIS."

Some of the items that are included under the enhanced incentives are cheese, whole milk, skimmed milk, milk and milk food for babies, condensed milk, yoghurt, buttermilk and whey.

The Department of Revenue has also made the additional financial allocation of Rs 21.40 crore to meet the expenditure, which will be incurred on these incentives.

"Notification in this regard will be released soon by the Directorate General of Foreign Trade (DGFT)," the official further added. 

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