ANNOUNCEMENT 08 Jun 2012

In June 2012, the government of India announced a change in the tax legislation for exporters.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Public Notice No. 67 (RE 2013)/2009-14

http://dgft.gov.in/Exim/2000/PN/PN13/pn6713.htm


Inception date: 08 Jun 2012 | Removal date: 08 Jun 2014
Still in force

Tax-based export incentive

On 8 June 2012, the Indian Ministry of Commerce & Industry provided incentives under the Vishesh Krishi Gram Udyog Yojana (VKGUY) on skimmed milk powder exports. This incentive was withdrawn on 15 July 2014.
 
VKGUY provides Duty Credit Scrips of 3-5% (5% in case of skimmed milk powder) to promote exports of various agricultural produce; such scrips are freely transferable and can be used for payment of various trade related arrears to the government.

AFFECTED SECTORS

 

AFFECTED PRODUCTS