IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 26 Aug 2016 | Removal date: 30 Sep 2017
Still in force

Tax-based export incentive

On 26 August 2016, the Indian Ministry of Commerce and Industry announced a temporary export incentive for onions.
Through Public Notice No. 26/2015-2020, the government grants an export incentive of 5%, of realized Free On Board (FOB) value, on onions under the Merchandise Exports from India Scheme (MEIS). This incentive on onions is valid until 31 December 2016.
 
On 30 December 2016 via Public Notice No. 49/2015-2020 the export incentive was further extended until 31 March 2017. They were later extended on 31 March 2017 until 30 June 2017 through Public Notice 64/2015-2020 and on 30 June 2017 until 30 September 2017 through Public Notice 10/2015-2020.
 
The MEIS provides incentives on product exports, ranging from 2% to 5% on FOB values of exports based on the product and the country they are exported to.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

012 Vegetables
0703 Onions, shallots, garlic, leeks and other alliaceous vegetables, fresh or chilled.
070310 Onions and shallots
070320 Garlic
070390 Leeks and other alliaceous vegetables

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