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: 16 Feb 2010 | Removal date: open ended
Still in force

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. 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

414 Copper, nickel, aluminium, alumina, lead, zinc & tin, unwrought
7403 Refined copper and copper alloys, unwrought.
740311 Cathodes and sections of cathodes
740313 Billets
740319 Other
740321 Copperzinc base alloys (brass)
740322 Coppertin base alloys (bronze)
740329 Other copper alloys (other than master alloys of heading 74.05)

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