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: 19 Sep 2014 | Removal date: 31 Mar 2015
Still in force

Tax-based export incentive

On 19 September 2014, the Indian Ministry of Commerce & Industry through Notification No. 70 (RE 2013)/2009-14 increased the duty credit benefit under the Focus Product Scheme (FPS) from 2% to 5% on the export of the following products - 

  • Glass envelopes for cathode ray tubes
  • safety matches
  • Dried-egg albumin
  • Microphones & stands, loudspeakers, headphones/earphones, audio frequency amplifiers, electric amplifiers

 
The Focus Product Scheme was launched in 2006 to offset high infrastructure and other market development costs for products that have high export/employment potential. Exporters of these notified goods are entitled to a Duty Credit Scrip of 2% of the F.O.B value of exports that can be used to pay off various dues to the government. Currently the scheme covers over 1000 products.

The FPS has been replaced by the Merchandise Exports Incentive Scheme (MEIS) under the new Foreign Trade Policy 2015-20 (please see related State Act). 

 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

239 Food products n.e.c.
3502 Albumins (including concentrates of two or more whey proteins, containing by weight more than 80 % whey proteins, calculated on the dry matter), albuminates and other albumin derivatives.
350211 Dried
371 Glass & glass products
7011 Glass envelopes (including bulbs and tubes), open, and glass parts thereof, without fittings, for electric lamps, cathoderay tubes or the like.
701120 For cathoderay tubes
389 Other manufactured articles n.e.c.
3605 Matches, other than pyrotechnic articles of heading 36.04.
360500 Matches, other than pyrotechnic articles of heading 36.04.
473 Broadcast recording apparatus; microphones, loudspeakers, etc.
8518 Microphones and stands therefor; loudspeakers, whether or not mounted in their enclosures; headphones and earphones, whether or not combined with a microphone, and sets consisting of a microphone and one or more loudspeakers; audio frequency electric amp
851810 Microphones and stands therefor
851830 Headphones and earphones, whether or not combined with a microphone, and sets consisting of a microphone and one or more loudspeakers
851840 Audiofrequency electric amplifiers
851850 Electric sound amplifier sets
474 Parts for the goods of classes 4721 to 4733 & 4822
8518 Microphones and stands therefor; loudspeakers, whether or not mounted in their enclosures; headphones and earphones, whether or not combined with a microphone, and sets consisting of a microphone and one or more loudspeakers; audio frequency electric amp
851890 Parts

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