ANNOUNCEMENT 08 Jun 2012In June 2012, the government of India announced a change in the tax legislation for exporters.
NUMBER OF INTERVENTIONS
Public Notice No. 67 (RE 2013)/2009-14
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 This incentive was withdrawn on 15 July 2014.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.