ANNOUNCEMENT 13 Oct 2011

In October 2011, the government of India announced a change in financial export support.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



PUBLIC NOTICE No.80 (RE2010)/2009-14
http://dgft.gov.in/Exim/2000/PN/PN11/pn8010.htm

PUBLIC NOTICE NO. 83 (RE2010)/2009-14
http://dgft.gov.in/Exim/2000/PN/PN11/pn8310.htm

Official Press release
http://pib.nic.in/newsite/erelease.aspx?relid=76649

Inception date: 01 Apr 2011 | Removal date: 31 Mar 2015
Still in force

Export subsidy

 On 13 October 2011, the Indian Ministry of Commerce and Industry announced additional incentives under the Foreign Trade Policy 2009-2014.
 

  • Additional incentive under Special Bonus Benefit Scheme at the rate of 1% of exports has been provided to 50 products under the engineering, pharmaceutical and chemical sectors. This scheme is applicable for exports between 1 October 2011 and 31 March 2012
  • 2 products have been added for bonus benefits under Focus Product Scheme
  • Cuba and Mexico have been included under the Focus Market Scheme, that incentivizes all exports to the listed markets
  • Additional incentive under Special Focus Market Scheme has been introduced at the rate of 1% of exports. Exports made to the specified countries will get incentive over and above the 3% incentive under Focus Market Scheme, in case the country is listed under both schemes. 41 countries under Latin America, Africa and the Commonwealth of Independent States have been included
  • The incentive at the rate of 2% of exports provided for export of readymade garments to EU and USA has been extended from 31 March 2011 to 31 March 2012
  • 130 items have been added to the 2% Focus Product Scheme, incentivizing exports of these products in the chemical/pharmaceutical, textiles, handicrafts, engineering and electronics sectors.
  • The 2% Market Linked Focus Product Scheme that incentivizes specified exports to specified countries is extended to 1) Agricultural tractors over 1800cc exported to Turkey, 2) Sugar machinery and high-pressure boilers exported to Brazil, Kenya, South Africa, Tanzania and Egypt and 3) Printing ink, writing ink, etc. exported to all countries that are a part of the MLFPS
  • Edible vegetables, castor oil, and certain marine products have been excluded from the Vishesh Krishi Gram Udyog Yojana, which incentivizes agricultural exports
  • Mexico has been removed as a linked market under the MLFPS
  • 3 towns have been designated as Towns of Export Excellence, one each for glassware, marine products and bamboo & cane products
  • Some measures including simplification of procedures, online messaging and filing systems etc. have been introduced

AFFECTED PRODUCTS

 
030192 030199 030219 030229 030251 030289 030326 030333 030339 030341 030342 030343 030349 030354 030384 030389 030489 030499 030551 030559 030571 030611 030614 030617 030619 030621 030624 030626 030627 030749 030759 030760 030771 030791 030799 070110 070190 070200 070310 070320 070700 070810 070890 070960 070999 071021 071080 071140 071220 071239 071290 071310 071320 071331 071339 071340 071390 071430 071490 151519 151530 151550 151590 160420 160510 160521 160529 280300 280429 280461 280469 280490 281122 282732 282739 282760 283620 283650 283699 283919 283990 290712 290719 290721 290722 290729 291419 291423 291429 291439 291440 291450 291469 291470 291521 291524 291529 291531 291539 291540 291550 291570 291590 291612 291619 291620 291631 291639 291811 291814 291815 291816 291819 291821 291822 291823 291829 291830 291899 292111 292119 292129 292142 292143 292144 292145 292149 292151 292159 292211 292212 292219 292221 292229 292239 292241 292249 292250 293311 293319 293321 293329 293331 293332 293333 293339 293349 293359 293369 293371 293379 293391 293399 293500 293621 293622 293624 293628 293629 293690 294110 294150 294190 294200 300210 300220 300290 300310 300320 300339 300340 300390 300410 300420 300431 300432 300439 300440 300450 300490 300610 300650 300660 321511 321519 321590 390720 390730 390750 390760 390791 390799 391000 392310 392321 392329 392330 392340 392350 392390 400400 401610 401691 401693 401694 401699 420211 420212 420221 420222 420229 420231 420232 420239 420291 420292 420299 481910 481920 481940 481950 520911 520912 520919 520929 520931 520932 520939 520941 520942 520949 520951 520959 521139 521142 540220 540231 540233 540244 540246 540247 540249 540251 540252 540259 540262 540269 540310 540331 540332 540341 551411 551412 551419 551429 551430 551449 580710 581091 581092 581099 600110 600121 600191 600192 600531 600621 600622 600624 600632 600634 600690 610120 610220 610230 610322 610342 610343 610413 610419 610422 610423 610432 610442 610443 610444 610449 610452 610453 610462 610463 610469 610510 610520 610590 610610 610620 610690 610711 610721 610791 610821 610822 610831 610832 610891 610910 610990 611011 611020 611030 611090 611120 611130 611211 611300 611420 611430 611490 611595 611596 611610 611693 611710 620111 620112 620113 620191 620192 620193 620211 620212 620292 620293 620299 620311 620312 620319 620329 620331 620332 620333 620339 620341 620342 620343 620349 620412 620413 620419 620423 620429 620432 620433 620439 620442 620443 620444 620449 620452 620453 620459 620461 620462 620463 620469 620520 620530 620590 620610 620630 620640 620690 620711 620721 620722 620729 620791 620799 620819 620821 620822 620829 620891 620892 620899 620920 620930 620990 621010 621040 621050 621132 621133 621142 621143 621149 621210 621410 621420 621430 621440 621490 621600 621710 621790 630419 630491 630492 630493 630499 640199 640219 640291 640299 640610 640690 681510 681599 700510 700529 700711 700721 700800 700910 700992 701337 701399 701810 701890 702000 720211 720219 720221 720230 720241 720270 720299 720310 720390 720810 720825 720826 720827 720836 720837 720838 720839 720840 720851 720852 720853 720854 720890 731100 732510 732591 732599 741011 741012 741300 820110 820130 820140 820190 820220 820239 820310 820320 820330 820411 820520 820551 820559 820570 821210 821220 821290 830210 830230 830241 830242 830249 830250 831000 840211 840212 840219 840220 840290 840510 840590 840681 840682 840690 841410 841430 841440 841451 841459 841480 841490 842611 842619 843810 843830 843840 843860 843880 843890 844250 844790 847130 847141 847150 847160 847170 847180 847190 847410 847420 847431 847432 847439 847480 847490 847629 850410 850421 850422 850423 850431 850432 850433 850434 850440 850450 850490 850680 850690 851110 851120 851140 851150 851180 851190 851712 851718 851761 851762 851769 851770 853510 853521 853529 853530 853540 853590 854411 854419 854420 854430 854442 854449 854460 854470 870110 870120 870130 870190 870410 870421 870422 870423 870431 870432 870600 871120 871130 871140 871190 871410 871420 871491 871493 871494 871496 871499 902830 902890 940510 940520 940540 940550 940599
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