AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Tax-based export incentive
On 24 May 2018, the Indian Ministry of Commerce and Industry through Public Notice No. 11/2015-2020 increased the export incentive on dried onions from 3% to 5% of FOB value of such exports.
This incentive is provided under the Merchandise Export Incentive Scheme that issues duty credit scrips, which can be used for payment of other tax liabilities.
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