AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYYes
Tax-based export incentive
On 1 May 2018, the Indian Ministry of Commerce & Industry through Public Notice 2/2015-2020 increased the export incentive on 37 handicraft products from 5% to 7%. This incentive is provided under the Merchandise Export Incentive Scheme and is available for exports made between the period 1 November 2017 to 30 June 2018.
On 11 May 2018, through Public Notice 7/2015-2020 these higher rates were extended indefinitely.
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