Impact to Export and Import Industry After Introduction of GST in relation to raw materials imports and exportsExport schemes such as MEIS and SEIS will consolidate Export IndustryAs far as the schemes are considered in India, the Merchandise Exports from India Scheme (MEIS) and the Services Exports from India Scheme (SEIS) covered under the MSME Registration that will sustain even after the execution of the GST. Subject to these schemes, exporters with a conclusive amount of turnover are furnished with duty credit scrips. These scrips will empower you for the exemption of duties paid on the import of raw materials. The amount of exemption is explicit as a percentage of the total turnover of the exporter. This will lead to increased benefits to the exporters.Looking Towards the duty drawback schemeAs far as the duty drawback scheme is concerned, the major advantage of this scheme is that the exporters can easily get the refund of the customs and excise duties that are paid on the imported items. The GST legislation has specified the limitation on some of the imported items. So, inference can be drawn that you will get refund of the taxes paid on both imported as well as domestic inputs. This will ultimately benefit the small exporters who are placed in the remote areas where availability of raw material become a headache for these traders.Refund of Duty :As far as the new tax regime is considered, the tax which is paid during the import will be available as a credit under the u201cImport and Saleu201d model. Also, the refund of SAD is available after complying with rules under the Indian law.