ANNOUNCEMENT 01 Jan 2009

In January 2009, the government of India announced a change in financial export support.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Government of India. (2 July 2009). Promotion of textiles exports. To be obtained at
http://pib.nic.in/release/release.asp?relid=49594&kwd=


Inception date: 01 Jan 2009 | Removal date: open ended
Still in force

Tax-based export incentive

In early 2009, the government of India has made a number of changes to its Focus Product Scheme and the Market Linked Focus Product Scheme in the textile sector. The Focus Product Scheme was initially designed in 2006 and seeks to incentivise textile producers to engage in exports. The Market Linked Focus Product Scheme launched in April 2008 and provides export assistance to designated products. Since the beginning of 2009, the Indian government has included the following products in these schemes.
 
Since 1 January 2009, exporters of garments to Australia, Japan and Brazil may acquire a 2.5 percent incentive on exported products.
 
From 23 February 2009, exporters of hand-made carpets and other textiles floor coverings may apply for a 5 percent incentive.
 
For the period of 1 April 2009 to 30 September 2009, exporters of garments to the European Union and the USA may receive an incentive of 2 percent of their free on board (f.o.b.) value.
 

AFFECTED SECTORS