AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Tax-based export incentive
Marine products were removed from incentives under the Status Holders Incentivisation Scheme.
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). Under the Status Holder Incentive Scrip scheme, status holders in specified sectors will receive an additional incentive scrip at the rate of 1% of the FOB value of their exports during the period in which the scheme is valid. The incentive scrips can be used to get duty credit when importing capital goods for use in these sectors.
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