IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 04 Jun 2015 | Removal date: 23 Aug 2017
Still in force

Export-related non-tariff measure, nes

 On 4 June 2015, the Indian Ministry of Commerce & Industry reduced the duty free allowance for Status Holders to export promotional products. Earlier the limit for such duty free export was INR 1 million or 2% of average annual export realization in the previous three years, "whichever is higher". The limit has now been changed to INR 1 million or 2% of average annual export realization of the firm in the previous three years, "whichever is lower". Effectively, a cap of INR 1 million (ca. USD 15'800)has been placed on such duty free exports.
 
Within the indian foreign trade policy, Status Holders include business leaders, firms with high contribution to international trade and firms with high export contributions (at least USD 3 million per year). The list of such firms currently (update link provided below) lists more than 5700 status holder firms.

The allowance was later increased on 23 August 2017 (see related State Act).

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

Please report this page in case you detect an inaccuracy in its content.