AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Tax-based export incentive
The Standard input for producing 1 kg. of hulled sesame seeds for exports has been increased from 1.01 kg. to 1.33 kg. The Standard Input Output Norms (SION) prescribe the standard quantity of inputs that are used for producing specified quantities of output. Under various export schemes that provide duty exemption on import of raw materials for producing export products, the SION quantities are used to limit the quantity of inputs that can be imported by the export producer without paying import duties.
The increase in duty-free input quantity is expected to increase the incentive to import for export production.
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