AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Tax-based export incentive
Norway has been added as an additional country under the Focus Market Scheme (FMS).
This scheme incentivses exports of all products to certain countries by providing duty scrips of 3% of the FOB value of exports to offset export related costs.
The FMS has been replaced by the Merchandise Exports Incentive Scheme (MEIS) under the new Foreign Trade Policy 2015-20.