India: New incentives for Indian exporters to all markets
Description
On January 12, 2010, India included several products for benefits under the Focus Product Scheme (FPS), Special FPS, the Market Linked Focus Product Scheme (MLFPS) and the Vishesh Krishi and Gram Udyog Yojana. 112 new products were added under FPS at 8 digit level, eligible for benefits at the rate of 2 percent of FOB value of exports to all markets. Major sectors include Engineering, Electronics, Chemicals, plastics, Carbon Boxes and Egg Powder.
113 new products were added under Special FPS at 8 digit level, eligible for benefits at the rate of 5 percent of FOB value of exports to all markets. Major sectors include Hand Tools, parts of agriculture & horticulture machinery, sewing machines and parts, liquid pumps, nuts, bolts, washers, screws, staplers, and parts of machinery for soldering, brazing and welding.
1837 new products added under MLFPS at 8 digit level, eligible for benefits at the rate of 2 percent of FOB value of exports to specified markets. Major sectors include Machine Tools, Earth moving equipments, Transmission towers, Electrical and Power Equipments, Steel Tubes, pipes and galvanized sheets, Compressors, Iron and Steel Structures, Auto components, Three wheelers and cotton woven fabrics. (Chemicals have been included for providing benefit for a limited period of 6 months). Two new major markets viz. China and Japan added under MLFPS.
Sesame seeds and minor coconut products added under VKGUY scheme, eligible for benefits at the rate of 5 percent of FOB value of exports to all markets.
Timor Leste added as new Focus Market Scheme (FMS) country, eligible for benefits at the arte of 3 percent of FOB value of exports of all products.
Any Evidence-Based Deliberation:
| Question | Result |
|---|---|
| Is there anything in the public record to suggest that evidence of the effectiveness of the proposed measure was considered during official deliberations? | |
| Is there any evidence that alternatives to the proposed measure were considered? | |
| Is there anything in the public record that suggests that empirical evidence informed the comparison across the alternatives available to government? | |
| Was such evidence identified? | |
| Is such evidence publicly available? | |
| Did the official decision-maker in question provide an explanation as to why a chosen measure was favoured over alternatives? | |
| Is there any evidence to suggest that potentially affected trading partners were consulted before the measures were taken? | |
| Is there any evidence that safeguards have been put in place to ensure that implementation of the initiative is transparent and non-discriminatory? | |
| Did the government state its intention to review the measure within one year of implementation? |
Date Discovered: 18/03/2010
Implemented: Yes
Date of inception: 12 Jan 2010
GTA Evaluation: Red
Source:
Research and Information System for Developing Countries, India
The Ministry of Commerce, India
The Ganatra Group Concultancy
http://www.ganatragroup.net/foreigntrade.html
Government Response:
- 484 reads
