AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Tax-based export incentive
Public Notice No. 3(RE 2013/2009-14) extended the geographic scope of the Incremental Exports Incentivisation Scheme (IEIS). The IEIS provides tax credits in proportion to the export growth in designated markets. Previously, only exports to Europe, the USA and Asia were eligible for this scheme.
Effective 1 May 2013, 53 countries from Latin America and Africa have been added as target markets.