Consider the following statements about Merchandise Export from India Scheme MEIS 1 The objective of...........

Economic Affairs Foreign Trade - Trends and Policy

Consider the following statements about Merchandise Export from India Scheme (MEIS):

1.The objective of the scheme is to offset infrastructural inefficiencies and the associated costs of exporting goods and services produced in India to provide a level playing field to Indian exporters.

2. Agri. Infrastructure incentive scheme has been replaced by MEIS.

3.The scheme provides incentive in the form of duty credit scrip to the exporter to compensate for his loss on payment of duties

How many of the statement given above are correct?

Only One

Only Two

All Three

None

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Explanation:

2 and 3 only

The objective of the Merchandise Export from India Scheme (MEIS) is to offset infrastructural inefficiencies and associated costs to provide a level playing field to Indian exporters. This statement is incorrect as it does not accurately capture the objectives of MEIS.

MEIS did replace the Agri Infrastructure Incentive Scrip. MEIS and Agri Infrastructure Incentive Scrip are different schemes.

The scheme provides incentives in the form of duty credit scrips to the exporter to compensate for the loss on payment of duties. This statement is correct.