Question

14. Explain the organizational support provided by IME in order to facilitate the process of Foreign trade in our country​

Answer 1

Answer:

This scheme provides incentives to exporters in the form of duty credit scrips to refund losses on paid duties. Under the MEIS, an incentive of 2-5% of the 'Free On Board' (FOB) value of exports is provided to all exporters, irrespective of their annual turnover.

Answer 2

Answer:

Merchandise Exports from India Scheme (MEIS)

This scheme provides incentives to exporters in the form of duty credit scrips to refund losses on paid duties. Under the MEIS, an incentive of 2-5% of the 'Free On Board' (FOB) value of exports is provided to all exporters, irrespective of their annual turnover.

Explanation:

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