Hotline: 1800 102 2007
X
Search Business Opportunities
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. 

Comment
Related opportunities
  • Pharmacies
    About Us: Pharmatree is a successful brand promoted by industry experts..
    Locations looking for expansion Karnataka
    Establishment year 2007
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Quick Service Restaurants
    About Us: Doner & Gyros is a casual fast food restaurant..
    Locations looking for expansion Delhi
    Establishment year 2012
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Bars, Pubs & Lounge
    About Us: INDIA’S FIRST UNIQUE FRANCHISEE INVESTMENT MODEL: MINIMUM PROFIT GUARANTEE Co-fou..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Competitive Exam Coaching Institute
     About Us: Bansal Academy is a premiere coaching institute in Chandigarh..
    Locations looking for expansion Delhi
    Establishment year 2003
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 5500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities