AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Tax-based export incentive
On 4 August 2010, the Government of India, vide Public Notice No. 88 / 2009-2014, allowed certain petroleum products to benefit from the Advance Authorisation scheme for duty-free import of inputs, provided that the export of the resultant product add 8%.
The Advance Authorisation scheme allows duty-free import of inputs that are to be physically incorporated in an export product and typically imposes a value addition requirement of at least 15%.
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