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: 07 Sep 2009 | Removal date: 31 Mar 2015
Still in force

Tax-based export incentive

On 7 September 2009, the Government of India, vide Public Notice No. 7 / 2009-2014, notified new product lines that are eligible for benefits under the Focus Product Scheme (FPS). 
 
The FPS grants eligible exporters with duty credit scrips worth upto the value of 2% of the FOB value of exports. These scrips may then be used to pay various dues to the government and, under some conditions, be transferred in the open market. 

The FPS has been replaced by the Merchandise Exports Incentive Scheme (MEIS) under the new Foreign Trade Policy 2015-20.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

014 Oilseeds & oleaginous fruits
1203 Copra.
120300 Copra.
219 Oil-cake; flours & meals of oil seeds; vegetable waxes; etc.
1522 Degras; residues resulting from the treatment of fatty substances or animal or vegetable waxes.
152200 Degras; residues resulting from the treatment of fatty substances or animal or vegetable waxes.

Please report this page in case you detect an inaccuracy in its content.