Jan 1 will usher in revised HSN

Under the Served from India Scheme (SEIS), the rates for exports during 2019-20 were notified with certain ceilings and applications were allowed till the allocations lasted

This year, the demand for goods in the developed countries helped boost the exports growth despite the second wave of the Covid-19 pandemic, severe container shortages, high commodity prices, soaring ocean transportation charges, and other supply side disruptions. Towards the year-end, the container rentals and freight rates eased up somewhat as the export momentum also slowed. 

The year started with discontinuation of the Merchandise Exports from India Scheme (MEIS) and introduction of the Refund of Duties and Taxes on Export Products (RoDTEP) scheme. The Director General of Foreign Trade (DGFT) disenabled the module for filing of MEIS applications till September.

After release