DGFT amends product description in MEIS Schedule
The Dollar Business Bureau
The Director General of Foreign Trade has made amendments to the description of products in its MEIS Schedule via public notice no. 44/2015-2020 dtd November 15, 2016. Surprisingly many products have been wrongly represented earlier. In the backdrop of the continued challenging global environment being faced by Indian exporters, the Department is taking active steps to help the exporters by giving an enhanced description of their products.
But there are some that have been wrongly represented and the marked change and difference can be noticed in the description of products wherein the product having HS Code 85444920, has been wrongly described as ‘Paper Insulated Conductors’ while the corrected description by the DGFT now reads, ‘Plastic Insulated’. In the same manner, HS Code 85444930, which was earlier described as ‘Plastic Insulated Cndctrs’ has now been changed to ‘Rubber Insulated’.
It remains to be seen what impact the changed descriptions would have on the trading community as there have been marked contrasts from their earlier descriptions.
Given below are the details of some of the existing descriptions with their changed ones.