ANNOUNCEMENT 04 Jun 2015

In June 2015, the government of India announced a general change in export conditions.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



Notification No: 9 /2015-2020
http://dgft.gov.in/Exim/2000/NOT/NOT15/note-0915.pdf

List of status holder firms
http://dgft.gov.in/exim/2000/statusList.htm


Inception date: 04 Jun 2015 | Removal date: 23 Aug 2017

Tax-based export incentive

 On 4 June 2015, the Indian Ministry of Commerce & Industry reduced the duty free allowance for Status Holders to export promotional products. Earlier the limit for such duty free export was INR 1 million or 2% of average annual export realization in the previous three years, "whichever is higher". The limit has now been changed to INR 1 million or 2% of average annual export realization of the firm in the previous three years, "whichever is lower". Effectively, a cap of INR 1 million (ca. USD 15'800)has been placed on such duty free exports.
 
Within the Indian Foreign Trade Policy 2015-2020, Status Holders include business leaders, firms with high contribution to international trade and firms with high export contributions (at least USD 3 million per year). The list of such firms currently (update link provided below) lists more than 5700 status holder firms.

The allowance was later increased on 23 August 2017 (see related State Act).

The goods included in this intervention are the ones that are subject to an export duty under the Second Schedule of the Indian Customs Act.

 

AFFECTED SECTORS

 
014 016 019 029 141 142 151 154 161 163 214 219 231 233 235 239 250 263 265 271 283 291 342 379 391 392 393 411 412 469
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AFFECTED PRODUCTS

 
090111 090112 090121 090190 090210 090220 090230 090240 090411 090811 090812 090831 091030 100630 120241 120242 170112 170113 170114 170199 230500 230610 230641 230649 230690 230910 230990 240110 240120 240130 250850 251110 251611 251612 251620 251690 252510 252520 252620 260111 260112 260200 260600 261000 261400 282090 410150 410411 410419 410441 410449 410530 410622 410711 410712 410719 410791 410792 410799 411200 411310 411390 411410 411420 411510 430230 430310 430390 520100 520210 520299 530810 530890 531010 531090 630510 630520 630532 630533 630539 681490 720110 720150 720310 720390 720421 720529 720610 720711 720712 720719 720720 720810 720825 720826 720827 720836 720837 720838 720839 720840 720851 720852 720853 720854 720890 720915 720916 720917 720918 720926 720927 720928 720990 721011 721012 721030 721041 721049 721061 721069 721070 721090 721210 721220 721230 721240 721250 721310 721391 721399 721410 721420 721491 721499 721550 721590 721610 721621 721631 721632 721633 721640 721699 721710 721720 721790 730300 730411 730419 730422 730423 730424 730429 730431 730439 730441 730449 730451 730459 730490 854511
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