ANNOUNCEMENT 01 Apr 2010In April 2010, the government of India announced a change in the tax legislation for exporters.
NUMBER OF INTERVENTIONS
Public Notice No. 06 (RE-2010) / 2009-2014
On 30 August 2010, the Government of India vide Public Notice No. 06 (RE-2010) / 2009-2014 notified finished leather of different types as eligible for the benefits of the Focus Product Scheme.
The FPS grants eligible exporters with duty credit scrips worth upto the value of 2% FOB value of exports, which scrips may then be used to pay various dues to the government and, under some conditions, be transferred in the open market.