ANNOUNCEMENT 31 Dec 2012

In December 2012, the government of India announced a change in financial export support.

NUMBER OF INTERVENTIONS

5

  • 4 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



Official Notification
PUBLIC NOTICE No. 42 (RE2012)/2009-14: http://dgft.gov.in/Exim/2000/PN/PN12/pn4212.htm

Inception date: 01 Jan 2013 | Removal date: 02 Apr 2015

Export subsidy

 On 31 December 2012, the Indian Ministry of Commerce and Industry made the following amendments in its export subsidy schemes under the Foreign Trade Policy 2009-14- 
 

  • 3 products are added under the Vishesh Krishi and Gram Udyog Yojana (VKGUY) and the Focus Product Scheme (FPS)
  • 3 products are added under the VKGUY
  • 102 products are added under the FPS
  • 6 products under the FPS have been given an additional benefit of 2% duty scrips on exports
  • The subsidy for 11 products under FPS has been increased from 2% to 5%
  • 62 products are added under the Market Linked Focus Product Scheme (MLFPS)
  • 5 countries are added under the Focus Market Scheme (FMS)
  • 1 country is added to the Special Focus Market Scheme

 
The VKGUY scheme provides subsidy for export of forest/agricultural products, while the product and market provide subsidies for exports of specified products or to specified markets or a combination of both.
 

AFFECTED SECTORS

 
236 261 263 265 266 268 271 273 279 281 282 322 327 341 347 352 354 362 371 381 411 412 414 415 421 429 432 433 435 439 441 442 444 445 448 449 451 452 461 462 465 469 471 472 474 481 491 492 496
(+ 34 more)

AFFECTED PRODUCTS

 
170410 170490 180610 180631 180690 290211 290219 290220 290241 290243 290244 290250 290290 290511 290512 290513 290514 290517 290519 290522 290529 290531 290539 290542 290549 290559 291524 291529 291531 291539 291540 291550 291560 291570 291590 291612 291615 291619 291620 291631 291639 292412 292419 292421 292429 294110 294130 294150 294190 294200 300410 300420 300431 300432 300439 300440 300450 300490 360200 360300 382311 382312 382319 382370 390720 390730 390740 390750 390760 390791 390799 391000 400819 400821 400829 401691 401693 401694 401695 401699 482010 482020 482090 490110 490199 510310 510529 510610 510620 510710 510720 511130 511219 511230 511290 520811 520812 520813 520819 520821 520822 520823 520829 520831 520832 520833 520839 520842 520843 520849 520851 520852 520859 520911 520912 520919 520929 520931 520932 520939 520941 520942 520949 520959 521059 521111 521139 521142 521149 521159 530810 530890 560749 560750 560790 580136 580190 580410 580429 580620 580632 580639 590310 590390 591110 591131 591190 600191 600410 600490 600531 600621 600622 600623 600624 600631 600632 600690 610910 610990 611710 611780 620111 620113 620191 620192 620193 620311 620312 620319 620322 620329 620331 620332 620333 620339 620341 620342 620343 620349 621132 621133 621139 621142 621143 621149 621410 621420 621430 621440 621490 630120 630130 630140 630190 630210 630221 630222 630231 630232 630239 630240 630251 630253 630259 630260 630291 630319 630391 630392 630399 630419 630491 630492 630493 630499 630510 630520 630532 630533 630539 630590 701120 720211 720219 720221 720229 720230 720241 720249 720260 720270 720299 720810 720825 720826 720827 720836 720837 720838 720839 720851 720852 720853 720854 720890 720915 720916 720917 720918 720926 720927 720928 720990 721011 721012 721030 721041 721049 721050 721061 721069 721070 721090 721114 721119 721123 721129 721190 721310 721320 721391 721399 721410 721420 721499 721710 721720 721730 722100 722300 730300 730511 730512 730519 730520 730531 730590 730611 730619 730629 730630 730640 730650 730661 730690 730711 730719 730721 730722 730723 730729 730791 730792 730793 730799 730810 730820 730840 730890 731210 731290 731511 731512 731519 732510 732591 732599 732611 732619 732620 732690 740311 740312 740319 740322 740329 740811 740819 740821 760110 760120 760511 760519 760521 760529 761610 761699 780110 780191 780199 821520 821599 840390 841319 841320 841330 841350 841360 841370 841381 841382 841391 841392 841410 841430 841440 841451 841459 841480 841490 841919 841920 841931 841939 841940 841950 841960 841989 841990 843110 843120 843131 843139 843141 843143 843149 846610 846620 846630 846692 846693 846694 846711 846719 846792 846799 847290 847910 847920 847930 847940 847960 847981 847982 847989 847990 848110 848120 848130 848140 848180 848190 848210 848220 848230 848240 848250 848280 848291 848299 848310 848320 848330 848340 848350 848360 848390 848790 850110 850131 850132 850133 850140 850151 850152 850153 850161 850162 850163 850164 850410 850421 850422 850423 850431 850432 850433 850434 850440 850450 850490 851711 851712 851718 851761 851762 851769 851770 853610 853620 853630 853641 853649 853650 853661 853669 853670 853690 853710 853720 853921 853922 853929 853931 853932 853990 854011 854020 854511 854519 854520 854590 870110 870120 870130 870190 870321 870322 870323 870324 870331 870332 870333 870390 870410 870421 870422 870423 870431 870432 870490 870810 870821 870829 870830 870840 870850 870870 870880 870891 870892 870893 870894 870895 870899 880320 880330 880390 901811 901812 901813 901819 901831 901832 901839 901850 901890 940429 940490
(+ 510 more)
Inception date: 31 Dec 2012 | Removal date: 31 Mar 2015

Tax-based export incentive

Incentives of 2% of exports for 3 castor oil products have been removed from the Focus Product Scheme (2 of 3) and the Vishesh Krishi Gram Udyog Yojana (1 of 3).

Incentives were available on the exports of these goods to any country of export.

These schemes were announced under the Foreign Trade Policy 2009-2014 and became invalid under the new FTP 2015-20.

 
216 345
 
151530 151620 151800
Inception date: 01 Jan 2013 | Removal date: 31 Mar 2015

Tax-based export incentive

  • Incentives for exports of 3 products (HS 2105, 1208 and 1521.90) have been added under the Vishesh Krishi Gram Udyog Yojana, providing duty scrips of 5% on exports of above goods to any country.
  • 2 HS chapter (51 and 62), 4 products at the HS 4 digit level, 20 products at the 6 digit level and 76 products at the 8 digit level have been added under the Focus Product Scheme, providing incentives of 5% on 2 products and of 2% on exports of the other products when exported to any country
  • A bonus benefit of 2% of export value has been granted to 6 products under the Focus Product Scheme, over the incentive already available under the scheme
  • Incentives for 11 products under the FPS scheme have been increased from 2% to 5%

These schemes were announced as part of the Foreign Trade Policy 2009-14 and have been replaced by the Merchandise Exports Incentive Scheme (MEIS) under the FTP 2015-20.

 

 
219 236 261 263 265 266 268 271 273 279 281 282 322 327 341 343 347 352 354 362 411 412 429 432 433 439 442 448 451 452 461 462 465 469 471 472
(+ 21 more)
 
120810 120890 170490 180690 290514 291612 291615 291619 291620 291631 291639 292429 294190 294200 300490 320417 360200 360300 380210 382311 382312 382319 382370 390760 391000 400821 401691 482010 482020 482090 490110 490199 510310 510529 510610 510620 510710 510720 511130 511219 511230 511290 520832 520842 520843 520932 520941 521139 530890 560749 560790 580136 590310 600191 600410 600490 600531 600621 600622 600623 600624 600631 600632 600690 610990 611710 620319 621149 621490 630130 630221 630419 630590 720221 721012 721123 721129 721391 721420 721710 721720 721730 722300 730300 730511 730519 730619 730630 730661 730690 730791 732619 820730 820740 821599 841430 841480 841490 845011 846799 847290 848299 848790 850300 850421 850422 850423 850431 850440 851711 851718 851769 853710 853929 853931 854011 854520 940490
(+ 108 more)
Inception date: 01 Jan 2013 | Removal date: 31 Mar 2015

Tax-based export incentive

Incentives of 2% for exports of 62 products have been provided under the Market Linked Focus Product Scheme (MLFPS), which incenvtises exports of certain products to specific countries. Of the 62 products, 15 products are provided incentives only on exports to the USA while 36 products have incentives only on exports to the Czech Republic.

 
271 279 341 362 412 414 415 421 429 432 433 439 441 442 444 449 461 462 481 491 496
(+ 6 more)
 
290290 294200 382370 401691 401693 401694 401695 401699 580632 630391 630392 630399 630419 630492 720839 720917 721012 721070 721720 722100 730840 730890 731210 732510 732690 740311 740811 760110 760511 761699 780110 841391 841950 843149 846693 847989 847990 848180 848190 848310 850110 850440 850490 853650 870110 870120 870130 870190 870321 870322 870323 870324 870331 870332 870333 870390 870421 870422 870810 870840 880330 901890
(+ 52 more)
Inception date: 01 Jan 2013 | Removal date: 31 Mar 2015

Tax-based export incentive

  • Cayman Islands, Latvia, Bulgaria, New Zealand and Lithuania have been added as additional markets under the Focus Market Scheme that incentivises exports of all goods to these countries at the rate of 3% duty scrips of export value
  • Eritrea has been added as an additional market under the Special Focus Market Scheme that incentivises exports of all goods to specified countries at the rate of 4% duty scrips of export value

These schemes have been replaced by the Merchadise Exports Incentive Scheme under the new Foreign Trade Policy 2015-20.

 
N/A
 
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