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: 26 Feb 2009 | Removal date: open ended
Still in force

Tax-based export incentive

 On 26 February 2009, the Government of India vide Notification No. 88 (RE-2008) / 2004-2009 notified various amendments to India's foreign policy. 
 
Import policy 
The import policy for "worked coral" was made free, where earlier the import of these products was restricted, and required license from the Directorate General of Foreign Trade (DGFT), Government of India.
 
According to UN Comtrade, bilateral trade on the stated tariff line did not exceed USD 1 million for a single trading partner in 2008, the year prior to the imposition of this measure. Hence, no countries are listed as affected trading partners for this change.
 
Personal carriage of gold
The limit of personal carriage of gold in primary form, by authorised persons, was allowed, upto 10 kgs in a financial year, subject to guidelines prescribed by the Reserve Bank of India and Department of Revenue, Government of India. This was previously not allowed by customs authorities, in the absence of an explicit provision in this regard. 
 
Export incentive schemes
Under the Focus Product Scheme, an additional grant of duty credit scrips, equivalent to 5% of FOB value of exports, was made available to special products or sectors having high labour intensity. Vide Public Notice No. 151/2008, also issued on 26 February 2009, handmade carpets and other textile floor coverings benefit from this provision. 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

272 Carpets & other textile floor coverings
5701 Carpets and other textile floor coverings, knotted, whether or not made up.
570110 Of wool or fine animal hair
570190 Of other textile materials
5702 Carpets and other textile floor coverings, woven, not tufted or flocked, whether or not made up, including “Kelem”, “Schumacks”, “Karamanie” and similar handwoven rugs.
570210 “Kelem”, “Schumacks”, “Karamanie” and similar handwoven rugs
570220 Floor coverings of coconut fibres (coir)
570231 Of wool or fine animal hair
570232 Of manmade textile materials
570239 Of other textile materials
570241 Of wool or fine animal hair
570242 Of manmade textile materials
570249 Of other textile materials
570250 Other, not of pile construction, not made up
570291 Of wool or fine animal hair
570292 Of manmade textile materials
570299 Of other textile materials
5703 Carpets and other textile floor coverings, tufted, whether or not made up.
570310 Of wool or fine animal hair
570320 Of nylon or other polyamides
570330 Of other manmade textile materials
570390 Of other textile materials
5705 Other carpets and other textile floor coverings, whether or not made up.
570500 Other carpets and other textile floor coverings, whether or not made up.
389 Other manufactured articles n.e.c.
9601 Worked ivory, bone, tortoiseshell, horn, antlers, coral, mother ofpearl and other animal carving material, and articles of these materials (including articles obtained by moulding).
960190 Other
413 Basic precious metals & metals clad with precious metals
7108 Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form.
710812 Other unwrought forms
710813 Other semimanufactured forms

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