ANNOUNCEMENT 27 Feb 2014

In February 2014, the government of India announced changes to export incentive schemes under the Foreign Trade Policy 2009-14.

NUMBER OF INTERVENTIONS

3

  • 2 harmful
  • 1 neutral
  • 0 liberalising

SOURCE



Public Notice No. 53 (RE-2013) / 2009-2014
http://dgft.gov.in/Exim/2000/PN/PN13/pn5313.htm

Inception date: 01 Mar 2014 | Removal date: 31 Aug 2014
Still in force

Tax-based export incentive

The following additions have been made to the Market Linked Focus Product Scheme (MLFPS) - 

  • Duty incentive of 2% is provided on exports of finished leather, cotton yarn, cotton fabric, knitted fabrics, and cotton made-ups to the European Union between 1 March 2014 and 31 August 2014
  • Exports of 10 additional chemicals to the EU between 1 March 2014 and 31 August 2014 will be provided a duty incentive of 2%

The MLFPS has been replaced by the Merchandise Exports Incentive Scheme (MEIS) under the new Foreign Trade Policy 2015-20 (please see related State Act).

Inception date: 01 Mar 2014 | Removal date: 31 Mar 2015
Still in force

Tax-based export incentive

The following additions have been made to the Focus Products Scheme(FPS) under the Foreign Trade Policy -

  • Yarn, glass fibre mats, twine cordage and hand-worked seashells are included for benefits of 2-5% of their FOB value for exports made from 1 March 2014. 
  • The rate of incentive for certain telecom and tranmission equipment was expanded from 2% FOB value to 5% with effect from 1 March 2014.

The FPS has been replaced by the Merchandise Exports Incentive Scheme (MEIS) under the new Foreign Trade Policy 2015-20 (please see related State Act).

Inception date: 27 Feb 2014 | Removal date: open ended
Still in force

Other export incentive

The town of Thoothukudi in the state of Tamil Nadu was added as an additional town for marine products under the scheme of Town for Export Excellence (TEE), a scheme which provides financial assistance for export promotion activities to towns with high export potential.

 
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