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: 02 Mar 2009 | Removal date: 26 Aug 2009
Still in force

Tax-based export incentive

 On 2 March 2009, the Government of India, vide Public Notice No. 155 (RE-2008) / 2004-2009, granted benefits of 2.5% of export value under the Focus Product Scheme to marble and travertine slabs, tiles, blocks and products. 
 
These products were listed as High Value Added Manufactured Goods, under Table 9 of Appendix 37D, Handbook of Procedures (RE-2008). Benefits for products listed in Table 9 were granted with effect from 1 April 2008. 
 
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 implementation date is set to 2 March 2009 because trade flows may only have responded after the announcement. These rates are valid under the Foreign Trade Policy 2004-09 and may have changed after the introduction of the new FTP 2009-14.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

151 Monumental or building stone
2515 Marble, travertine, ecaussine and other calcareous monumental or building stone of an apparent specific gravity of 2.5 or more, and alabaster, whether or not roughly trimmed or merely cut, by sawing or otherwise, into blocks or slabs of a rectangular (inc
251512 Merely cut, by sawing or otherwise, into blocks or slabs of a rectangular (including square) shape
376 Monumental or building stone & articles
6802 Worked monumental or building stone (except slate) and articles thereof, other than goods of heading 68.01; mosaic cubes and the like, of natural stone (including slate), whether or not on a backing; artificially coloured granules, chippings and powder, o
680221 Marble, travertine and alabaster

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