ANNOUNCEMENT 05 Mar 2013In March 2013, the government of India announced a change in financial export support.
NUMBER OF INTERVENTIONS
PUBLIC NOTICE No. 51 (RE2012)/2009-14
On 5 March 2013, the Indian Ministry of Commerce & Industry extended export incentives under the Focus Product Scheme (FPS) to "Set Top Box/Set Top Units".
The scheme provides credit scrips worth 2 percent of the export values. Such scrips can be used to pay for duty arrears including import duties and excise duties.
The FPS has been replaced by the Merchandise Exports Incentive Scheme (MEIS) under the Foreign Trade Policy 2015-2020.