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: 01 Mar 2014 | Removal date: 31 Mar 2015
Still in force

Tax-based export incentive

The following additions have been made to the Focus Products Scheme(FPS) under the Foreign Trade Policy -

  • Yarn, glass fibre mats, twine cordage and hand-worked seashells are included for benefits of 2-5% of their FOB value for exports made from 1 March 2014. 
  • The rate of incentive for certain telecom and tranmission equipment was expanded from 2% FOB value to 5% with effect from 1 March 2014.

The FPS has been replaced by the Merchandise Exports Incentive Scheme (MEIS) under the new Foreign Trade Policy 2015-20 (please see related State Act).

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

049 Other aquatic plants & animals
0508 Coral and similar materials, unworked or simply prepared but not otherwise worked; shells of molluscs, crustaceans or echinoderms and cuttlebone, unworked or simply prepared but not cut to shape, powder and waste thereof.
050800 Coral and similar materials, unworked or simply prepared but not otherwise worked; shells of molluscs, crustaceans or echinoderms and cuttlebone, unworked or simply prepared but not cut to shape, powder and waste thereof.
264 Textile yarn & thread of man-made filaments or staple fibres
5511 Yarn (other than sewing thread) of manmade staple fibres, put up for retail sale.
551110 Of synthetic staple fibres, containing 85 % or more by weight of such fibres
273 Twine, cordage, ropes & cables; articles thereof
5607 Twine, cordage, ropes and cables, whether or not plaited or braided and whether or not impregnated, coated, covered or sheathed with rubber or plastics.
560749 Other
371 Glass & glass products
7019 Glass fibres (including glass wool) and articles thereof (for example, yarn, woven fabrics).
452 Computing machinery & parts
8517 Telephone sets, including telephones for cellular networks or for other wireless networks; other apparatus for the transmission or reception of voice, images or other data, including apparatus for communication in a wired or wireless network (such as a lo
851769 Other
472 Television & radio transmitters; cameras; telephone sets
8517 Telephone sets, including telephones for cellular networks or for other wireless networks; other apparatus for the transmission or reception of voice, images or other data, including apparatus for communication in a wired or wireless network (such as a lo
851711 Line telephone sets with cordless handsets
851762 Machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus
8525 Transmission apparatus for radiobroadcasting or television, whether or not incorporating reception apparatus or sound recording or reproducing apparatus; television cameras, digital cameras and video camera recorders.
852560 Transmission apparatus incorporating reception apparatus
483 Optical instruments & photographic equipment; parts thereof
9001 Optical fibres and optical fibre bundles; optical fibre cables other than those of heading 85.44; sheets and plates of polarising material; lenses (including contact lenses), prisms, mirrors and other optical elements, of any material, unmounted, other th
900110 Optical fibres, optical fibre bundles and cables

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