AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Tax-based export incentive
On 8 June 2012, the Indian Ministry of Commerce & Industry provided incentives under the Vishesh Krishi Gram Udyog Yojana (VKGUY) on skimmed milk powder exports. This incentive was withdrawn on 15 July 2014.
VKGUY provides Duty Credit Scrips of 3-5% (5% in case of skimmed milk powder) to promote exports of various agricultural produce; such scrips are freely transferable and can be used for payment of various trade related arrears to the government.
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