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
  • American Kidz, the pioneers in the field of Language training,..
    Locations looking for expansion Uttar Pardesh
    Establishment year 2009
    Franchising Launch Date 2010
    Investment size Rs. 2lac - 5lac
    Space required 1200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater MEERUT Uttar Pardesh
  • India’s first dedicated Pay-Per-Workout gym! Identifying the tendency of Indians not..
    Locations looking for expansion New Delhi
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • Casual dine Restaurants
    About Us: Kake Da Hotel is a legendary family restaurant founded..
    Locations looking for expansion New Delhi
    Establishment year 1950
    Franchising Launch Date 2015
    Investment size Rs. 30lac - 50lac
    Space required 600 - 4000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater North Delhi New Delhi
  • Laundry & Dry Cleaning
    Fully Integrated One-Stop Laundry Solutions Expert! About Us: Waashub is a full-scale..
    Locations looking for expansion Karnataka
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
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