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: 18 Oct 2017 | Removal date: open ended
Still in force

Tax-based export incentive

The export obligation period for products incorporating imported flat rolled products of stainless steel under the Advance Authorisation scheme has been reduced from 18 months to 6 months from the date of clearance of import consignment. This reduced export turnaround period could reduce the incentive to import these raw materials for export production.

The Advance Authorisation allows duty free import of inputs for export goods production provided there is at least 15% value addition and the export obligation is fulfilled within 18 months, which has been reduced to 6 months in this case.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

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