AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Tax-based export incentive
Incentives 47 products have been added under the Market Linked Focus Product Scheme from the engineering, auto components and textile sectors. Brunei and Yemen have also been added as additional markets under MLFPS.
The MLFPS provides incentives of 2% duty scrips on FOB value of exports of specified products to specified countries. The scheme has been repalced in the new Foreign Trade Policy 2015-20 by the Merchandise Exports Incentives Scheme (MEIS).