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: 08 Dec 2009 | Removal date: 31 Mar 2015
Still in force

Tax-based export incentive

On 8 December 2009, the Government of India vide Public Notice No. 24 / 2009-2014 removed the tariff sub-heading "Handloom: Other" from the coverage of the Focus Product Scheme, and introduced in its place the tariff sub-heading "Handloom: Casement". 
 
The FPS grants eligible exporters with duty credit scrips worth upto the value of 2% FOB value of exports, which scrips may then be used to pay various dues to the government and, under some conditions, be transferred in the open market.  The scheme was replaced the Merchandise Exports Incentive Scheme (MEIS) under the Foreign Trade Policy 2015-20.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

266 Woven fabrics (except special fabrics) of cotton
5209 Woven fabrics of cotton, containing 85 % or more by weight of cotton, weighing more than 200 g/m2.
520911 Plain weave

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