Exporters face liquidity crunch with piling GST, MEIS entitlement dues

At a time when exporters are hit with a slump in global market in the wake of Covid-19, they have to cope with a tedious process of getting GST refunds and the MEIS (merchandise exports from India scheme) entitlements due for the period much before the Rs 2 crore limit was fixed. The piling dues have led to liquidity crunch for exporters, for which they are approaching banks for extension of morat…