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 Jan 2013 | Removal date: 31 Mar 2015
Still in force

Tax-based export incentive

  • Cayman Islands, Latvia, Bulgaria, New Zealand and Lithuania have been added as additional markets under the Focus Market Scheme that incentivises exports of all goods to these countries at the rate of 3% duty scrips of export value
  • Eritrea has been added as an additional market under the Special Focus Market Scheme that incentivises exports of all goods to specified countries at the rate of 4% duty scrips of export value

These schemes have been replaced by the Merchadise Exports Incentive Scheme under the new Foreign Trade Policy 2015-20.

AFFECTED COUNTRIES

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