AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Other export incentive
On 27 July 2017, the Indian Ministry of Commerce and Industry through Public Notice No. 25/2015-2020 added the city of Panipat in the state of Haryana to the list of Towns of Export Excellence (TEE) for the products Carpets, Other Textile Floor Coverings, and Bed Linen.
Industrial Clusters with a potential for export growth are identified as TEE's in order to provide these clusters recognition and support to develop such exports and grow in new markets. Towns producing goods of INR 750 crore (~USD 109.3) or more, INR 150 crore (~USD 21.86 million) in Handloom, Handicrafts, Agriculture and Fisheries sector, are eligible to be notified as a TEE.
Such Towns are provided priority support for export promotion projects. Further, Common Service Providers to exporters in these towns will be able to import duty exempt capital goods under the Export Promotion Capital Goods (EPCG) scheme by fulfilling their export obligations indirectly through such exporters.
* INR to USD conversion as 27 July 2017 - INR 68.62/USD
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