AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYYes
Tax-based export incentive
On 31 March 2010, the Indian Ministry of Commerce & Industry provided an export incentive to apparels (readymade garments) exports to the EU. Exports registered between 1 April 2010 and 30 September 2010 are eligible for the incentive.
The incentive is in the form of credit scrips worth 2% of the exported value. The scrip can be used for the payment of arrears to the government including import duties on future imports.
The incentive, although announced temporarily, has been extended every year under the Foreign Trade Policy 2009-2014, which expired on 31 March 2015.
⚑ Please report this page in case you detect an inaccuracy in its content.