This scheme is introduced by Govt of India for the Textile Industry for chapter code 61, 62 and 63 only. Main objective of the scheme is to get the rebate of State and central Taxes and Levies.
Despite of WTO objection, said scheme was introduced on replacement of earlier MEIS scheme for Chapter 61, 62 and 63 of ITC HS 2017, from 07.03.2019 onwards.