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: 27 Jul 2017 | Removal date: open ended
Still in force

Tax-based export incentive

The Standard input for producing 1 kg. of cashew kernel for exports has been increased from 4 kg. to 5.04 kg. The Standard Input Output Norms (SION) prescribe the standard quantity of inputs that are used for producing specified quantities of output. Under various export schemes that provide duty exemption on import of raw materials for producing export products, the SION quantities are used to limit the quantity of inputs that can be imported by the export producer without paying import duties.

The increase in duty-free input quantity is expected to increase the incentive to import for export production.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

214 Prepared & preserved fruits & nuts
0801 Coconuts, Brazil nuts and cashew nuts, fresh or dried, whether or not shelled or peeled.
080132 Shelled

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