Government restores 2 per cent additional duty incentive on mobile phones export: DGFT

As per a notification of the commerce ministry, the government has restored 2 per cent additional duty incentive on mobile phones export with an aim to boost shipments of the product.

The duty benefit under the Merchandise Export from India Scheme (MEIS) is effective from January 1, 2020, until March 31, 2020.

Directorate General of Foreign Trade (DGFT) on December 7, 2019, had reduced this export incentive from 4 per cent to 2 per cent.