The new Foreign Trade Policy (2015-20) launched on 1st April, 2015 links rules, procedures and incentives for exports and imports with other initiatives such as “Make in India”, “Digital India” and “Skills India”.
It consolidates five different incentive schemes under the earlier policy for rewarding merchandise exports into a single scheme, namely the Merchandise Exports from India Scheme (MEIS).
For the services sector, the Services Exports from India Scheme (SEIS) has been introduced replacing the Served from India Scheme.
The Interest Equalisation scheme on pre and post shipment rupee export credit was also approved by the Cabinet Committee ....
