AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Tax-based export incentive
On 16 February 2010, the Government of India, vide Public Notice No. 42 / 2009-2014, introduced Appendix 11B in Handbook of Procedures (Vol. 1) 2009-2014, referring to lowered value addition norms applicable to products under the Advance Authorization Scheme.
The Advance Authorization Scheme allows duty free import of inputs which are physically incorporated in an export product, or consumed / utilised to obtain such export product.
Appendix 11B, as introduced, allows copper cathode / copper wire rods (manufactured from copper concentrate) to claim the benefits of Advance Authorization with 8% minimum value addition on export, i.e., without satisfying the standard requirement of 15% value addition.
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