The document summarizes key highlights of India's Foreign Trade Policy 2015-2020. Some key points include:
1) Simplification and merger of various export reward schemes into a single Merchandise Exports from India Scheme (MEIS) and Service Exports from India Scheme (SEIS) with simplified procedures.
2) Incentives under MEIS and SEIS will be extended to Special Economic Zones to boost 'Make in India'.
3) Initiatives to facilitate trade and ease of doing business through online applications, paperless processing, and inter-ministerial consultations.
4) New initiatives to support exports of SCOMET items, defense goods, and e-commerce exports
The EPCG Scheme allows import of capital goods for production at a reduced customs duty of 5%, subject to an export obligation of 8 times the duty saved that must be fulfilled over 8 years. Capital goods imports for agricultural exports may be allowed at 0% duty. The scheme is available to manufacturers, merchant exporters, and service providers, with conditions that the capital goods must be used and the export obligation met. Export obligations can also be fulfilled through deemed exports or agricultural exports from agri zones over 12 years. Indigenous sourcing of capital goods provides benefits to domestic suppliers.
This document provides an overview of foreign trade in India, including key elements, stakeholders, regulations, case studies, initiatives, and trade agreements. It discusses important concepts like imports, exports, logistics, banking/finance, customs procedures, and the roles of various agencies involved in foreign trade transactions. Specific schemes to promote exports are outlined, including Merchandise Exports from India Scheme (MEIS), Service Exports from India Scheme (SEIS), status holder incentives, Export Promotion Capital Goods (EPCG) scheme, and duty drawback. Eligibility criteria and benefits of these programs are summarized. Overall, the document serves as a comprehensive reference on India's foreign trade landscape and export promotion mechanisms.
EPCG, ADV. LICE. AND EXPORT INCENTIVESLalit Bansal
The document discusses various export promotion schemes in India including the Export Promotion Capital Goods (EPCG) Scheme, Advance Authorization Scheme, and Duty Drawback Scheme. The EPCG Scheme allows import of capital goods for production and export at zero customs duty with an export obligation. Advance Authorization allows duty-free import of raw materials for export production. Duty Drawback directly deposits a calculated amount in the exporter's account as an export incentive based on export product, quantity, and customs duty rates. The document provides details on applying for these schemes, export procedures and documentation requirements, and examples of duty drawback calculations.
The document discusses India's Export Promotion Capital Goods (EPCG) Scheme. It outlines that the EPCG Scheme allows companies to import capital goods for production and export at zero or reduced customs duties. To benefit from zero duty imports, companies must fulfill an export obligation of 6 times the duty saved within 6 years. For a 3% duty, the export obligation is 8 times the duty saved within 8 years. The EPCG Scheme also covers service providers designated as Common Service Providers. Capital goods imported under the scheme must be used by the actual importer until export obligations are met. A variety of exports can fulfill the obligation, including exports under other incentive schemes.
This document summarizes various Indian trade schemes including:
1) Duty exemption schemes that allow duty-free imports of production inputs and post-export rebates on import duties. These include Advance Authorization, Duty Free Import Authorization, and Duty Entitlement Pass Book Scheme.
2) Rules for re-importing goods exported under these schemes and calculating value addition. Exports to SEZs are also covered.
3) Details of the Advance Authorization Scheme including eligibility, authorized imports, export obligations and extensions.
4) The Duty Entitlement Pass Book Scheme which provides duty credits for exporters.
5) The Duty Free Import Authorization Scheme which allows duty-free imports of export production inputs.
6) Special schemes
The document provides information about the Electronic Hardware Technology Park (EHTP) Scheme in India. The key points are:
1. The EHTP Scheme allows companies to set up manufacturing units to produce electronic hardware and components for export. It offers benefits like duty exemptions, tax holidays, foreign investment permissions, and single window clearances.
2. Companies can import capital goods and raw materials duty-free under the scheme. They also get excise duty exemption on indigenous procurement and sales in the domestic market are permitted up to 50% of export earnings.
3. To register under the scheme, companies need to submit an application along with a project report. If approved, they enter a legal agreement,
New foreign trade policies implemented in IndiaNishant Pahad
The document outlines India's foreign trade policy which aims to increase exports to $900 billion by 2019-20 and raise India's share of world exports from 2% to 3.5%. Major changes include launching new export promotion schemes, reducing export obligations, and increasing support for sectors like defense, agriculture and eco-friendly products. It also details simplification of processes like merging various export reward schemes into single schemes, making duty credit scrips transferable, and initiatives to boost 'Make in India' and ease of doing business through online systems and facilitation of sectors like e-commerce, dual-use technologies and defense exports.
The document discusses import and export procedures in India, including import documentation requirements, the bill of entry filing process, types of import duties, major trading partners, and post-clearance cargo transportation. It provides an overview of the history and development of India's import-export sector and lists the top imported and exported commodities by value. Key aspects of the import process such as customs clearance and duty payment are also summarized.
The EPCG Scheme allows import of capital goods for production at a reduced customs duty of 5%, subject to an export obligation of 8 times the duty saved that must be fulfilled over 8 years. Capital goods imports for agricultural exports may be allowed at 0% duty. The scheme is available to manufacturers, merchant exporters, and service providers, with conditions that the capital goods must be used and the export obligation met. Export obligations can also be fulfilled through deemed exports or agricultural exports from agri zones over 12 years. Indigenous sourcing of capital goods provides benefits to domestic suppliers.
This document provides an overview of foreign trade in India, including key elements, stakeholders, regulations, case studies, initiatives, and trade agreements. It discusses important concepts like imports, exports, logistics, banking/finance, customs procedures, and the roles of various agencies involved in foreign trade transactions. Specific schemes to promote exports are outlined, including Merchandise Exports from India Scheme (MEIS), Service Exports from India Scheme (SEIS), status holder incentives, Export Promotion Capital Goods (EPCG) scheme, and duty drawback. Eligibility criteria and benefits of these programs are summarized. Overall, the document serves as a comprehensive reference on India's foreign trade landscape and export promotion mechanisms.
EPCG, ADV. LICE. AND EXPORT INCENTIVESLalit Bansal
The document discusses various export promotion schemes in India including the Export Promotion Capital Goods (EPCG) Scheme, Advance Authorization Scheme, and Duty Drawback Scheme. The EPCG Scheme allows import of capital goods for production and export at zero customs duty with an export obligation. Advance Authorization allows duty-free import of raw materials for export production. Duty Drawback directly deposits a calculated amount in the exporter's account as an export incentive based on export product, quantity, and customs duty rates. The document provides details on applying for these schemes, export procedures and documentation requirements, and examples of duty drawback calculations.
The document discusses India's Export Promotion Capital Goods (EPCG) Scheme. It outlines that the EPCG Scheme allows companies to import capital goods for production and export at zero or reduced customs duties. To benefit from zero duty imports, companies must fulfill an export obligation of 6 times the duty saved within 6 years. For a 3% duty, the export obligation is 8 times the duty saved within 8 years. The EPCG Scheme also covers service providers designated as Common Service Providers. Capital goods imported under the scheme must be used by the actual importer until export obligations are met. A variety of exports can fulfill the obligation, including exports under other incentive schemes.
This document summarizes various Indian trade schemes including:
1) Duty exemption schemes that allow duty-free imports of production inputs and post-export rebates on import duties. These include Advance Authorization, Duty Free Import Authorization, and Duty Entitlement Pass Book Scheme.
2) Rules for re-importing goods exported under these schemes and calculating value addition. Exports to SEZs are also covered.
3) Details of the Advance Authorization Scheme including eligibility, authorized imports, export obligations and extensions.
4) The Duty Entitlement Pass Book Scheme which provides duty credits for exporters.
5) The Duty Free Import Authorization Scheme which allows duty-free imports of export production inputs.
6) Special schemes
The document provides information about the Electronic Hardware Technology Park (EHTP) Scheme in India. The key points are:
1. The EHTP Scheme allows companies to set up manufacturing units to produce electronic hardware and components for export. It offers benefits like duty exemptions, tax holidays, foreign investment permissions, and single window clearances.
2. Companies can import capital goods and raw materials duty-free under the scheme. They also get excise duty exemption on indigenous procurement and sales in the domestic market are permitted up to 50% of export earnings.
3. To register under the scheme, companies need to submit an application along with a project report. If approved, they enter a legal agreement,
New foreign trade policies implemented in IndiaNishant Pahad
The document outlines India's foreign trade policy which aims to increase exports to $900 billion by 2019-20 and raise India's share of world exports from 2% to 3.5%. Major changes include launching new export promotion schemes, reducing export obligations, and increasing support for sectors like defense, agriculture and eco-friendly products. It also details simplification of processes like merging various export reward schemes into single schemes, making duty credit scrips transferable, and initiatives to boost 'Make in India' and ease of doing business through online systems and facilitation of sectors like e-commerce, dual-use technologies and defense exports.
The document discusses import and export procedures in India, including import documentation requirements, the bill of entry filing process, types of import duties, major trading partners, and post-clearance cargo transportation. It provides an overview of the history and development of India's import-export sector and lists the top imported and exported commodities by value. Key aspects of the import process such as customs clearance and duty payment are also summarized.
We provide consultancy and render our services for availing incentives/benefits available against export & Import of Goods and Services.We are professional consultant on Foreign Trade Policy, providing result oriented services to our valued clients relating DGFT , Customs and Exicse.
#EPCG Scheme# By SN Panigrahi
EPCG Scheme allows import of capital goods (except those specified in negative list in Appendix 5 F) for pre-production, production and post-production at zero customs duty.
Capital goods imported under EPCG Authorisation for physical exports are also exempt from IGST and Compensation Cess upto 31-03-2020 only
The document outlines various schemes to encourage exports in India, including:
1) Export incentives for manufacturers such as duty exemptions on inputs and final products, concessional financing, income and sales tax exemptions.
2) Input Duty Relief Schemes that allow duty-free imports of inputs or refunds later, requiring isolated production units. These include EOU, STP, EHTP and SEZ schemes.
3) SEZ schemes provide duty exemptions, income tax incentives up to 50% for 10-15 years, and single window clearance for approvals.
This document provides an overview of India's EXIM policies, procedures, and documentation. It discusses several key export promotion schemes including the Export Promotion Capital Goods Scheme (EPCGS), Duty Remission Scheme, Duty Drawback Scheme, and Duty Exemption Schemes such as the Advance Authorization Scheme and Duty Free Import Authorization Scheme. The EPCGS allows import of capital goods at zero or reduced duties with an export obligation that must be fulfilled within 6-8 years. The Duty Drawback Scheme provides a rebate on import/excise duties for inputs used in exported products. The Advance Authorization and Duty Free Import Authorization Schemes allow duty-free import of inputs for exported products.
Insight on Manufacturing Bonded Warehouse Scheme under Customs ActDVSResearchFoundatio
Key Takeaways:
Make in india
Hybrid of Bonded Warehousing and Local Manufacturing
Deferred Customs Duty on import of raw materials
Alternative for SEZ/EOU
Ease of doing Business in india
The document summarizes India's bonded manufacturing scheme, which allows import of raw materials and capital goods without payment of import duties for manufacturing or other operations in a bonded facility. Key points include:
- Import duties on inputs are deferred until finished goods are cleared for domestic sale, at which point duties are paid. Duties are waived if goods are exported.
- The scheme aims to promote ease of doing business, foreign investment, and manufacturing in India.
- Various types of warehouses (public, private, special) are licensed by customs authorities. Bonded manufacturing facilities offer benefits like no export obligations.
- Record keeping requirements are specified digitally to facilitate compliance. The scheme may be ideal for import-dependent manufacturers
The Duty Entitlement Passbook Scheme is an export incentive scheme provided by the Indian government to exporters. It issues a duty entitlement passbook to exporters after export, providing a predetermined amount of credit based on the FOB value of exports. The credit can only be used to offset duties payable by the exporter and cannot be withdrawn or used for other purposes. The aim is to offset exporters' import duties and promote exports.
Optitax's presentation on carotar [07 jan 2021]Nilesh Mahajan
- India offers reduced customs duties on imports of certain goods originating from certain countries/regions subject to rules of origin criteria and compliances.
- The customs rules regarding rules of origin (CAROTAR) were recently updated, increasing importer accountability and scrutiny of origin declarations.
- Under the new CAROTAR rules, importers must maintain detailed origin-related records in Form I for 5 years and are subject to verification by customs authorities to substantiate origin claims and avoid penalties for non-compliance.
The document outlines various trade facilitation initiatives undertaken by different ministries and departments in India to improve logistics for export-import activities. It provides details of over 130 initiatives across 8 line ministries, including 60 initiatives by the Ministry of Commerce and Industry. Key initiatives by the customs department include faceless assessment, eSANCHIT for electronic document submission, and ICEDASH for monitoring customs clearance times. The Ministry of Ports, Shipping and Waterways has undertaken initiatives such as gate automation at ports using RFID, increasing non-intrusive inspection technologies, and implementing the Major Ports Authorities Bill to provide more autonomy to ports.
The document is an examination paper for the Accounting Technician Programme in Malawi. It contains instructions for the exam, which has two sections - Section A contains two questions and Section B contains three questions to choose from. For each section, the summary provides:
1) Section A requires candidates to answer both questions, which cover topics like allowable deductions, computation of taxable income, definitions of tax terms, and calculation of capital allowances.
2) Section B gives candidates a choice of answering any three out of five questions, touching on subjects like treatment of club income, foreign currency loans, excise tax compliance, VAT registration thresholds, and penalty for late provisional tax payments.
3) Candid
Optitax's presentation on 2A reconciliationNilesh Mahajan
2A reconciliation is very important provisions under GST. As it will directly affects your credits on inwards supplies from registered persons. In this presentation we have tried to capture the provisions and practical aspect for such reconciliation
The document outlines the key steps and registrations required to establish an export business in India. This includes:
1. Registering the business as a sole proprietorship, partnership, or private/public company.
2. Obtaining an Importer-Exporter Code (IEC) number from the Directorate General of Foreign Trade, which is required for all export and import activities.
3. Registering with relevant export promotion councils, the Export Credit Guarantee Corporation, central excise and sales tax authorities, and other regulatory bodies.
The document summarizes India's foreign trade policy and export promotion schemes. It discusses the objectives of doubling India's share of global trade and using trade as an instrument for economic growth and job creation. Various schemes are outlined that provide assistance for infrastructure development, market access initiatives, export promotion activities, and duty exemption/remission schemes to boost exports.
Key Takeaways:
Export Promotion Schemes in India
Analysis of WTO' Ruling
Schemes adopted by Member Nations
Alternatives to Export Promotion Schemes
Way forward
The document summarizes various export promotion incentives and policies available to Indian exporters, including tax exemptions, duty drawbacks, import concessions, and special economic zones. It discusses sales tax/VAT exemptions, excise exemptions, duty drawback rates, income tax concessions, import concessions like the Export Promotion Capital Goods Scheme and Duty Free Import Authorization Scheme, and special zones like Special Economic Zones, Export Oriented Units, and Software Technology Parks that provide tax holidays and other benefits.
The Directorate General of Foreign Trade (DGFT) plays several key roles in relation to Indian exports. DGFT administers various export promotion schemes to provide incentives to exporters, including duty drawback, export promotion capital goods scheme, advance license authorization, special economic zones, star export house status, chapter 3 incentives, and export under bond. DGFT is responsible for issuing licenses and permissions required for these schemes and monitoring export obligations. The document provides detailed descriptions of each incentive scheme administered by DGFT and the application procedures involved.
This document provides information on the various registrations and licenses required for starting an export business in India. It discusses obtaining an Importer-Exporter Code (IEC) number from the Directorate General of Foreign Trade, which is mandatory for any import or export activity. It also summarizes the process for registering with other authorities such as sales tax, central excise, Export Credit Guarantee Corporation for export credit insurance, and membership in export promotion councils. The document outlines the key requirements and documents needed for applying for an IEC number and highlights some exemptions. It stresses the importance of checking that export items do not fall under the Negative List requiring licenses or prohibitions.
The document outlines several Indian government export promotion schemes. It discusses schemes that provide duty credits or exemptions for exports of goods and services. These include the Served From India Scheme for service exports, Vishesh Krishi and Gram Udyog Yojana for agricultural and village industry exports, and Focus Market Scheme, Focus Product Scheme, and Market Linked Focus Products Scrip for specific export products and markets. It also describes Duty Exemption and Remission Schemes as well as the Export Promotion Capital Goods Scheme. Special focus is given to initiatives supporting market diversification, technological upgrading, status holders, and sectors like agriculture, handlooms, gems and jewelry, and electronics.
The document discusses various export promotion schemes and fiscal incentives in India. It outlines schemes that provide duty exemptions or remissions on imports of inputs for export production, including Advance Authorizations, Duty Free Import Authorizations, and Duty Entitlement Passbook schemes. It also discusses duty drawback schemes that provide refunds of import duties on raw materials. Other topics covered include Export Promotion Capital Goods scheme, excise duty refunds, income tax exemptions, and marketing assistance available to exporters in India.
The document outlines India's legal framework for foreign trade policy and trade facilitation measures. It discusses the basis and duration of the foreign trade policy, procedures for amendments, and transitional arrangements. It then details various trade facilitation initiatives by the Directorate General of Foreign Trade (DGFT) such as the Niryat Bandhu handholding scheme, online services, electronic data interchange with other agencies, and 24/7 customs clearance. The goal is to facilitate international trade and ease of doing business through efficient, transparent and digitized processes.
The new Foreign Trade Policy for 2015-2020 has been announced with the objectives of promoting diversification and competitiveness of Indian exports. Several schemes have been merged into single schemes like Merchandise Exports from India Scheme and Service Exports from India Scheme. Criteria for export status holders has been changed from rupee to dollar terms. Procedures have been simplified with reduced paperwork and increased online processing and data sharing between departments. This aims to provide a stable policy environment to boost 'Make in India' and link trade incentives to other government initiatives.
We provide consultancy and render our services for availing incentives/benefits available against export & Import of Goods and Services.We are professional consultant on Foreign Trade Policy, providing result oriented services to our valued clients relating DGFT , Customs and Exicse.
#EPCG Scheme# By SN Panigrahi
EPCG Scheme allows import of capital goods (except those specified in negative list in Appendix 5 F) for pre-production, production and post-production at zero customs duty.
Capital goods imported under EPCG Authorisation for physical exports are also exempt from IGST and Compensation Cess upto 31-03-2020 only
The document outlines various schemes to encourage exports in India, including:
1) Export incentives for manufacturers such as duty exemptions on inputs and final products, concessional financing, income and sales tax exemptions.
2) Input Duty Relief Schemes that allow duty-free imports of inputs or refunds later, requiring isolated production units. These include EOU, STP, EHTP and SEZ schemes.
3) SEZ schemes provide duty exemptions, income tax incentives up to 50% for 10-15 years, and single window clearance for approvals.
This document provides an overview of India's EXIM policies, procedures, and documentation. It discusses several key export promotion schemes including the Export Promotion Capital Goods Scheme (EPCGS), Duty Remission Scheme, Duty Drawback Scheme, and Duty Exemption Schemes such as the Advance Authorization Scheme and Duty Free Import Authorization Scheme. The EPCGS allows import of capital goods at zero or reduced duties with an export obligation that must be fulfilled within 6-8 years. The Duty Drawback Scheme provides a rebate on import/excise duties for inputs used in exported products. The Advance Authorization and Duty Free Import Authorization Schemes allow duty-free import of inputs for exported products.
Insight on Manufacturing Bonded Warehouse Scheme under Customs ActDVSResearchFoundatio
Key Takeaways:
Make in india
Hybrid of Bonded Warehousing and Local Manufacturing
Deferred Customs Duty on import of raw materials
Alternative for SEZ/EOU
Ease of doing Business in india
The document summarizes India's bonded manufacturing scheme, which allows import of raw materials and capital goods without payment of import duties for manufacturing or other operations in a bonded facility. Key points include:
- Import duties on inputs are deferred until finished goods are cleared for domestic sale, at which point duties are paid. Duties are waived if goods are exported.
- The scheme aims to promote ease of doing business, foreign investment, and manufacturing in India.
- Various types of warehouses (public, private, special) are licensed by customs authorities. Bonded manufacturing facilities offer benefits like no export obligations.
- Record keeping requirements are specified digitally to facilitate compliance. The scheme may be ideal for import-dependent manufacturers
The Duty Entitlement Passbook Scheme is an export incentive scheme provided by the Indian government to exporters. It issues a duty entitlement passbook to exporters after export, providing a predetermined amount of credit based on the FOB value of exports. The credit can only be used to offset duties payable by the exporter and cannot be withdrawn or used for other purposes. The aim is to offset exporters' import duties and promote exports.
Optitax's presentation on carotar [07 jan 2021]Nilesh Mahajan
- India offers reduced customs duties on imports of certain goods originating from certain countries/regions subject to rules of origin criteria and compliances.
- The customs rules regarding rules of origin (CAROTAR) were recently updated, increasing importer accountability and scrutiny of origin declarations.
- Under the new CAROTAR rules, importers must maintain detailed origin-related records in Form I for 5 years and are subject to verification by customs authorities to substantiate origin claims and avoid penalties for non-compliance.
The document outlines various trade facilitation initiatives undertaken by different ministries and departments in India to improve logistics for export-import activities. It provides details of over 130 initiatives across 8 line ministries, including 60 initiatives by the Ministry of Commerce and Industry. Key initiatives by the customs department include faceless assessment, eSANCHIT for electronic document submission, and ICEDASH for monitoring customs clearance times. The Ministry of Ports, Shipping and Waterways has undertaken initiatives such as gate automation at ports using RFID, increasing non-intrusive inspection technologies, and implementing the Major Ports Authorities Bill to provide more autonomy to ports.
The document is an examination paper for the Accounting Technician Programme in Malawi. It contains instructions for the exam, which has two sections - Section A contains two questions and Section B contains three questions to choose from. For each section, the summary provides:
1) Section A requires candidates to answer both questions, which cover topics like allowable deductions, computation of taxable income, definitions of tax terms, and calculation of capital allowances.
2) Section B gives candidates a choice of answering any three out of five questions, touching on subjects like treatment of club income, foreign currency loans, excise tax compliance, VAT registration thresholds, and penalty for late provisional tax payments.
3) Candid
Optitax's presentation on 2A reconciliationNilesh Mahajan
2A reconciliation is very important provisions under GST. As it will directly affects your credits on inwards supplies from registered persons. In this presentation we have tried to capture the provisions and practical aspect for such reconciliation
The document outlines the key steps and registrations required to establish an export business in India. This includes:
1. Registering the business as a sole proprietorship, partnership, or private/public company.
2. Obtaining an Importer-Exporter Code (IEC) number from the Directorate General of Foreign Trade, which is required for all export and import activities.
3. Registering with relevant export promotion councils, the Export Credit Guarantee Corporation, central excise and sales tax authorities, and other regulatory bodies.
The document summarizes India's foreign trade policy and export promotion schemes. It discusses the objectives of doubling India's share of global trade and using trade as an instrument for economic growth and job creation. Various schemes are outlined that provide assistance for infrastructure development, market access initiatives, export promotion activities, and duty exemption/remission schemes to boost exports.
Key Takeaways:
Export Promotion Schemes in India
Analysis of WTO' Ruling
Schemes adopted by Member Nations
Alternatives to Export Promotion Schemes
Way forward
The document summarizes various export promotion incentives and policies available to Indian exporters, including tax exemptions, duty drawbacks, import concessions, and special economic zones. It discusses sales tax/VAT exemptions, excise exemptions, duty drawback rates, income tax concessions, import concessions like the Export Promotion Capital Goods Scheme and Duty Free Import Authorization Scheme, and special zones like Special Economic Zones, Export Oriented Units, and Software Technology Parks that provide tax holidays and other benefits.
The Directorate General of Foreign Trade (DGFT) plays several key roles in relation to Indian exports. DGFT administers various export promotion schemes to provide incentives to exporters, including duty drawback, export promotion capital goods scheme, advance license authorization, special economic zones, star export house status, chapter 3 incentives, and export under bond. DGFT is responsible for issuing licenses and permissions required for these schemes and monitoring export obligations. The document provides detailed descriptions of each incentive scheme administered by DGFT and the application procedures involved.
This document provides information on the various registrations and licenses required for starting an export business in India. It discusses obtaining an Importer-Exporter Code (IEC) number from the Directorate General of Foreign Trade, which is mandatory for any import or export activity. It also summarizes the process for registering with other authorities such as sales tax, central excise, Export Credit Guarantee Corporation for export credit insurance, and membership in export promotion councils. The document outlines the key requirements and documents needed for applying for an IEC number and highlights some exemptions. It stresses the importance of checking that export items do not fall under the Negative List requiring licenses or prohibitions.
The document outlines several Indian government export promotion schemes. It discusses schemes that provide duty credits or exemptions for exports of goods and services. These include the Served From India Scheme for service exports, Vishesh Krishi and Gram Udyog Yojana for agricultural and village industry exports, and Focus Market Scheme, Focus Product Scheme, and Market Linked Focus Products Scrip for specific export products and markets. It also describes Duty Exemption and Remission Schemes as well as the Export Promotion Capital Goods Scheme. Special focus is given to initiatives supporting market diversification, technological upgrading, status holders, and sectors like agriculture, handlooms, gems and jewelry, and electronics.
The document discusses various export promotion schemes and fiscal incentives in India. It outlines schemes that provide duty exemptions or remissions on imports of inputs for export production, including Advance Authorizations, Duty Free Import Authorizations, and Duty Entitlement Passbook schemes. It also discusses duty drawback schemes that provide refunds of import duties on raw materials. Other topics covered include Export Promotion Capital Goods scheme, excise duty refunds, income tax exemptions, and marketing assistance available to exporters in India.
The document outlines India's legal framework for foreign trade policy and trade facilitation measures. It discusses the basis and duration of the foreign trade policy, procedures for amendments, and transitional arrangements. It then details various trade facilitation initiatives by the Directorate General of Foreign Trade (DGFT) such as the Niryat Bandhu handholding scheme, online services, electronic data interchange with other agencies, and 24/7 customs clearance. The goal is to facilitate international trade and ease of doing business through efficient, transparent and digitized processes.
The new Foreign Trade Policy for 2015-2020 has been announced with the objectives of promoting diversification and competitiveness of Indian exports. Several schemes have been merged into single schemes like Merchandise Exports from India Scheme and Service Exports from India Scheme. Criteria for export status holders has been changed from rupee to dollar terms. Procedures have been simplified with reduced paperwork and increased online processing and data sharing between departments. This aims to provide a stable policy environment to boost 'Make in India' and link trade incentives to other government initiatives.
The Foreign Trade Policy 2023 aims to promote exports and ease of doing business through several initiatives:
1. It introduces duty remission schemes like RoDTEP and RoSCTL to remit taxes paid on exported goods, while continuing duty exemption schemes.
2. It focuses on digitizing processes, reducing fees for MSMEs, and implementing automatic approvals to simplify procedures.
3. It rationalizes thresholds for recognizing top exporters and adds provisions for merchanting trade to boost trade.
4. It declares four new Towns of Export Excellence and adds sectors like textiles and dairy to promotion schemes to boost manufacturing exports.
Import Export Consultancy & License Services in one roof :- for Import & Export Incentives, DGFT, Custom, Central Excise, Service Tax, Goods & Service Tax (GST), Full Guidance on all Types of Letter of Credits, Certificate Courses, Apeda, GSP, RCMC, Training Programs ,Seminar and Workshop On Export Documentation and Costing, Import Documentation & Customs, Banking, Finance and Exchange Rate Mechanism And Letter of Credit, Foreign Trade Policy and Handbook of Procedures (FTP-2009-14, FTP-2015-2020),Complete Overview of Goods and Service Tax (GST), Export & Import Related GST, DGFT, Custom, Central Excise, Service Tax
Swayambhu Exim Expertise provides consultancy services related to import/export incentives, customs, excise, service tax, and GST. They help clients understand available incentive schemes for exporters, such as Merchandise Exports from India Scheme (MEIS), and apply for licenses and certificates from organizations like the Directorate General of Foreign Trade. The company's services include assisting with export/import documentation, duty credit redemptions, license verification with customs, and claiming incentives such as duty drawbacks. It also offers training courses on topics like import/export management, foreign trade procedures, and GST.
The Foreign Trade Policy 2015-2020 aims to increase India's exports to $900 billion by 2019-20 and raise its share of world exports from 2% to 3.5%. Major changes include merging various export promotion schemes into the Merchandise Exports from India Scheme (MEIS) and Service Exports from India Scheme (SEIS) to simplify procedures. Export obligation under the Export Promotion Capital Goods scheme was reduced to 75% to promote domestic manufacturing. The policy also focuses on trade facilitation through e-governance initiatives and boosting sectors like defence and pharmaceutical exports.
This document outlines India's Foreign Trade Policy from August 2009 to March 2014. The key objectives of the policy are to achieve an annual export growth rate of 15% for the first two years and 25% for the remaining three years, and to double India's share of global exports. It details various export promotion schemes to incentivize exports such as duty credit scripts under Focus Product and Focus Market schemes. It also covers import duty exemption schemes for technological upgrades like EPCG. The policy aims to enhance India's competitiveness in global trade through these incentives and initiatives.
The document summarizes key aspects of India's foreign trade policy for 2015-2020 related to legal framework and trade facilitation. It highlights several initiatives to support new exporters/importers including a hand-holding scheme. It also discusses efforts to streamline processes such as issuing electronic Importer-Exporter Codes, reducing documentation requirements, implementing a single window system, and enabling 24/7 customs clearance. Memorandums of understanding have been signed with states and agencies to share electronic realization certificate data and facilitate refunds.
resolution no 142 2011, issuance of access deficit contribution guidelinetraoman
This document provides guidelines for applications made by Oman Telecommunication Company for access deficit contributions. It establishes the following:
- Access deficit is the difference between the costs and revenues of providing fixed line access services. Qualified licensees can apply for contributions to cover deficits.
- Applications must include audited documentation showing the access deficit net of contributions from other profitable services. They are limited to deficits that cannot be covered by other sources.
- Applications can be made for deficits between 2011-2012. TRA will determine approved deficits within 60 days and notify all licensees of required contribution rates based on international call volumes.
- Licensees must provide traffic data and dispute any rates within 30 days. Approved contributions will
The document summarizes the legal framework and procedures for setting up an Export Oriented Unit (EOU) in India according to the country's Foreign Trade Policy. Key points include:
- EOUs are eligible for various exemptions from customs duties, excise duties, and direct/indirect taxes to facilitate exports.
- Setting up an EOU involves obtaining a Letter of Intent from the Development Commissioner by submitting an application with documents like project report and locational clearances.
- Upon receiving the Letter of Intent, legal undertakings must be executed and capital goods/inputs must be attested before a Green Card is issued.
- Various formalities like warehousing licenses and bond execution are
This document is a letter from an export consultancy firm introducing their services. They have over a decade of experience assisting exporters with matters related to foreign trade policy. They offer a range of services including assisting with applications for export benefits like Focus Product Scheme, Focus Market Scheme, and EPCG authorization. They also help with redemption/closure of advance authorizations and ensuring exporters receive benefits from the government. Their role includes keeping exporters updated on policy changes, preparing and following up on applications, assisting with shipments and claims, and providing clarification on products to avail maximum benefits.
The document discusses the Authorised Economic Operator (AEO) scheme in India, which provides benefits and facilitation for businesses involved in international trade and supply chains. It outlines the objectives of the scheme, the different tiers of certification (Tier I, II, III), eligibility requirements, and benefits provided under each tier such as expedited customs clearance, self-certification, reduced auditing, and other trade facilitation measures. It also covers the benefits available for AEO Logistics Operators. The overall aim is to promote secure and compliant trade while facilitating the flow of goods.
New Export Promotion Scheme RoDTEP : Implemented without Rates Announced - By...SN Panigrahi, PMP
The document discusses India's new Remission of Duties and Taxes on Exported Products (RoDTEP) scheme. The key points are:
1) RoDTEP is a new scheme to refund unrefunded taxes and duties on exported products to make them competitive globally. It replaces the MEIS scheme which was found to violate WTO rules.
2) The scheme aims to refund all taxes and duties that are not currently exempted or rebated by any other mechanism, including certain state and central levies.
3) Exporters can claim refunds under the scheme as a percentage of the export product's FOB value. However, rates under the scheme are yet to be
Scheme for Promotion of Manufacturing of Electronic Components
and Semiconductors (SPECS)
Applicant: Private Limited Company, Public Limited Company, Sole Proprietorship,
Partnership, or Limited Liability Partnership registered in India.
2. Project / Unit: New business unit or expansion of capacity / modernization and / or
diversification of an existing unit.
3. Expansion of capacity / modernization and/ or diversification of an existing unit: An
increase in the value of fixed capital investment in plant, machinery, equipment, associated
utilities and technology, including for Research & Development (R&D) of an existing unit.
4. Approved Project / Unit: Project for which approval is issued by the Project Management
Agency (PMA), based on the recommendations of Executive Committee (EC) under MeitY
1. Expenditure incurred on plant, machinery, equipment and associated utilities:
• tools, dies, moulds, jigs, fixtures (including parts, accessories, components, and spares
thereof) of the same.
• expenditure on packaging, freight/ transport, insurance, and erection and
commissioning.
• The Associated utilities - captive power and effluent treatment plants, essential equipment
required in operations areas such as clean rooms, air curtains, temperature and air quality
control systems, compressed air, water & power supply and control systems, etc.
• The Associated utilities also include IT and ITES infrastructure related to manufacturing
including servers, software and ERP solutions.
• The total expenditure incurred on associated utilities - not exceeding 20% of the total
eligible capital expenditure for plant, machinery and equipment.
The Government of India has announced a new Foreign Trade Policy for 2015-2020 with the objectives of increasing exports, generating employment, and promoting initiatives like "Make in India". Key aspects of the new policy include merging various export incentive schemes into a single new Merchandise Exports from India Scheme and Service Exports from India Scheme, simplifying application procedures, promoting domestic manufacturing, allowing online filing of documents, and designating additional ports and towns for imports and exports.
1. The document discusses various Indian export promotion schemes such as MEIS, SEIS, advance authorization, duty drawback, EPCG, and deemed exports.
2. MEIS and SEIS provide exporters incentives in the form of duty credit scrips for exporting notified goods and services.
3. Advance authorization and duty free import authorization allow duty-free import of raw materials used to produce exported goods.
4. Duty drawback refunds duties paid on imported and domestic materials used in exported goods.
#New Scheme of Export Incentive RoDTEP - By SN Panigrahi & CA Rishabh Sawansu...SN Panigrahi, PMP
India has implemented various export promotion schemes to refund or rebate taxes in order to make exports competitive. These schemes include MEIS, Advance Authorization Scheme, EPCG, and Duty Drawback Scheme. However, some taxes are still incurred in the export process and are not refunded.
To address this, the government plans to introduce a new Remission of Duties and Taxes on Export Products (RoDTEP) scheme. An inter-ministerial committee will determine the rates and items eligible for reimbursement. The scheme aims to refund unrefunded taxes like state taxes on power, oil, transportation, and other levies.
The document discusses various foreign trade policies and schemes in India. It provides information on:
1) The Foreign Trade Policy which regulates all import-export transactions in India and is issued every 5 years. It classifies goods as free, restricted or prohibited for trade. Various registrations and licenses are required under this policy.
2) The Foreign Trade (Development and Regulation) Act which allows the government to formulate import-export policies and appoint authorities to regulate foreign trade. It details provisions around licenses, penalties, appeals.
3) Key export promotion schemes like Advance Authorization, Duty Free Import Authorization, Duty Entitlement Passbook which allow duty-free import of inputs or goods. The Export Promotion Capital Goods
This document outlines guidelines for calculating Access Deficit Contributions (ADC) in the telecommunications sector. It defines key terms like Access Deficit and Qualified Licensee. It states that the ADC will cover any access deficit a Qualified Licensee cannot fund through other profits. It provides details on the application process, including required documentation and calculations. Qualified Licensees must submit applications annually including audited financial data to demonstrate an access deficit net of contributions from other services. The telecommunications regulator will review applications and notify international gateway operators of the ADC rate to settle payments to the Qualified Licensee.
1. HIGHLIGHTS OF THE FOREIGN
TRADE POLICY 2015-2020
Government of India
Department of Commerce
Ministry of Commerce and Industry
2. 1
HIGHLIGHTS OF THE FOREIGN
TRADE POLICY 2015-2020
A. SIMPLIFICATION & MERGER OF REWARD
SCHEMES
Export from India Schemes:
1. Merchandise Exports from India Scheme
(MEIS)
(a) Earlier there were 5 different schemes (Focus
Product Scheme, Market Linked Focus
Product Scheme, Focus Market Scheme, Agri.
Infrastructure Incentive Scrip, VKGUY) for
rewarding merchandise exports with
different kinds of duty scrips with varying
conditions (sector specific or actual user
only) attached to their use. Now all these
schemes have been merged into a single
scheme, namely Merchandise Export from
India Scheme (MEIS) and there would be no
conditionality attached to the scrips issued
under the scheme. The main features of MEIS,
including details of various groups of
products supported under MEIS and the
country groupings are at Annexure-1.
(b) Rewards for export of notified goods to
notified markets under ‘Merchandise Exports
3. 2
from India Scheme (MEIS) shall be payable as
percentage of realized FOB value (in free
foreign exchange). The debits towards basic
customs duty in the transferable reward duty
credit scrips would also be allowed
adjustment as duty drawback. At present,
only the additional duty of customs / excise
duty / service tax is allowed adjustment as
CENVAT credit or drawback, as per
Department of Revenue rules.
2. Service Exports from India Scheme (SEIS)
(a) Served From India Scheme (SFIS) has been
replaced with Service Exports from India
Scheme (SEIS). SEIS shall apply to ‘Service
Providers located in India’ instead of ‘Indian
Service Providers’. Thus SEIS provides for
rewards to all Service providers of notified
services, who are providing services from
India, regardless of the constitution or profile
of the service provider. The list of services
and the rates of rewards under SEIS are at
Annexure-2.
(b) The rate of reward under SEIS would be
based on net foreign exchange earned. The
reward issued as duty credit scrip, would no
longer be with actual user condition and will
no longer be restricted to usage for specified
types of goods but be freely transferable and
usable for all types of goods and service tax
4. 3
debits on procurement of services / goods.
Debits would be eligible for CENVAT credit or
drawback.
3. Chapter -3 Incentives (MEIS & SEIS) to be
available for SEZs
It is now proposed to extend Chapter -3
Incentives (MEIS & SEIS) to units located in
SEZs also.
4. Duty credit scrips to be freely transferable
and usable for payment of custom duty,
excise duty and service tax.
(a) All scrips issued under MEIS and SEIS and the
goods imported against these scrips would be
fully transferable.
(b) Scrips issued under Exports from India
Schemes can be used for the following:-
(i) Payment of customs duty for import of
inputs / goods including capital goods,
except items listed in Appendix 3A.
(ii) Payment of excise duty on domestic
procurement of inputs or goods,
including capital goods as per DoR
notification.
5. 4
(iii) Payment of service tax on
procurement of services as per DoR
notification.
(c) Basic Customs Duty paid in cash or through
debit under Duty Credit Scrip can be taken
back as Duty Drawback as per DoR Rules, if
inputs so imported are used for exports.
5. Status Holders
(a) Business leaders who have excelled in
international trade and have
successfully contributed to country’s foreign
trade are proposed to be recognized as
Status Holders and given special treatment
and privileges to facilitate their trade
transactions, in order to reduce their
transaction costs and time.
(b) The nomenclature of Export House, Star
Export House, Trading House, Star Trading
House, Premier Trading House certificate has
been changed to One, Two, Three, Four, Five
Star Export House.
(c) The criteria for export performance for
recognition of status holder have been
changed from Rupees to US dollar earnings.
The new criteria is as under:-
6. 5
Status category
Export
Performance
FOB / FOR (as
converted)
Value (in US $
million) during
current and
previous two
years
One Star Export House 3
Two Star Export House 25
Three Star Export
House
100
Four Star Export House 500
Five Star Export House 2000
(d) Approved Exporter Scheme - Self
certification by Status Holders
Manufacturers who are also Status Holders
will be enabled to self-certify their
manufactured goods as originating from
India with a view to qualify for preferential
treatment under different Preferential
Trading Agreements [PTAs], Free Trade
Agreements [FTAs], Comprehensive
Economic Cooperation Agreements [CECAs]
and Comprehensive Economic
Partnerships Agreements [CEPAs] which are
in operation. They shall be permitted to
self-certify the goods as manufactured as per
7. 6
their Industrial Entrepreneur
Memorandum (IEM) / Industrial Licence
(IL)/ Letter of Intent (LOI).
B. BOOST TO "MAKE IN INDIA"
6. Reduced Export Obligation (EO) for domestic
procurement under EPCG scheme:
Specific Export Obligation under EPCG
scheme, in case capital goods are procured
from indigenous manufacturers, which is
currently 90% of the normal export
obligation (6 times at the duty saved amount)
has been reduced to 75%, in order to
promote domestic capital goods
manufacturing industry.
7. Higher level of rewards under MEIS for
export items with high domestic content and
value addition.
It is proposed to give higher level of rewards
to products with high domestic content and
value addition, as compared to products with
high import content and less value addition.
8. 7
C. TRADE FACILITATION & EASE OF DOING
BUSINESS
8. Online filing of documents/ applications
and Paperless trade in 24x7 environment:
(a) DGFT already provides facility of Online filing
of various applications under FTP by the
exporters/importers. However, certain
documents like Certificates issued by
Chartered Accountants/ Company Secretary
/ Cost Accountant etc. have to be filed in
physical forms only. In order to move further
towards paperless processing of reward
schemes, it has been decided to develop an
online procedure to upload digitally signed
documents by Chartered Accountant /
Company Secretary / Cost Accountant. In the
new system, it will be possible to upload
online documents like annexure attached to
ANF 3B, ANF 3C and ANF 3D, which are at
present signed by these signatories and
submitted physically.
(b) Henceforth, hardcopies of applications and
specified documents would not be required
to be submitted to RA, saving paper as well as
cost and time for the exporters. To start with,
applications under Chapter 3 & 4 of FTP are
being covered (which account for nearly 70%
of total applications in DGFT). Applications
9. 8
under Chapter-5 would be taken up in the
next phase.
(c) As a measure of ease of doing business,
landing documents of export consignment as
proofs for notified market can be digitally
uploaded in the following manner:-
(i) Any exporter may upload the scanned
copy of Bill of Entry under his digital
signature.
(ii) Status holders falling in the category
of Three Star, Four Star or Five Star
Export House may upload scanned
copies of documents.
9. Online inter-ministerial consultations:
It is proposed to have Online inter-ministerial
consultations for approval of export of
SCOMET items, Norms fixation, Import
Authorisations, Export Authorisation, in a
phased manner, with the objective to reduce
time for approval. As a result, there would
not be any need to submit hard copies of
documents for these purposes by the
exporters.
10. 9
10. Simplification of procedures/processes,
digitisation and e-governance
(a) Under EPCG scheme, obtaining and
submitting a certificate from an independent
Chartered Engineer, confirming the use of
spares, tools, refractory and
catalysts imported for final redemption of
EPCG authorizations has been dispensed
with.
(b) At present, the EPCG Authorisation holders
are required to maintain records for 3 years
after redemption of Authorisations. Now the
EPCG Authorization Holders shall be required
to maintain records for a period of two years
only. Government’s endeavour is to gradually
phase out this requirement as the relevant
records such as Shipping Bills, e-BRC are
likely to be available in electronic mode
which can be archived and retrieved
whenever required.
(c) Exporter Importer Profile: Facility has been
created to upload documents in
Exporter/Importer Profile. There will be no
need to submit copies of permanent records/
documents (e.g. IEC, Manufacturing licence,
RCMC, PAN etc.) repeatedly with each
application, once uploaded.
11. 10
(d) Communication with Exporters/Importers:
Certain information, like mobile number,
e-mail address etc. has been added as
mandatory fields, in IEC data base. This
information once provided by exporters,
would help in better communication with
exporters. SMS/ email would be sent to
exporters to inform them about issuance of
authorisations or status of their
applications.
(e) Online message exchange with CBDT and
MCA: It has been decided to have on line
message exchange with CBDT for PAN
data and with Ministry of Corporate
Affairs for CIN and DIN data. This integration
would obviate the need for seeking
information from IEC holders for subsequent
amendments/ updation of data in IEC data
base.
(e) Communication with Committees of DGFT:
For faster and paperless communication with
various committees of DGFT, dedicated e-
mail addresses have been provided to each
Norms Committee, Import Committee and
Pre-Shipment Inspection Agency for faster
communication.
(f) Online applications for refunds: Online filing
of application for refund of TED is being
12. 11
introduced for which a new ANF has been
created.
11. Forthcoming e-Governance Initiatives
(a) DGFT is currently working on the following
EDI initiatives:
(i) Message exchange for transmission of
export reward scrips from DGFT to
Customs.
(ii) Message exchange for transmission of
Bills of Entry (import details) from
Customs to DGFT.
(iii) Online issuance of Export Obligation
Discharge Certificate (EODC).
(iv) Message exchange with Ministry of
Corporate Affairs for CIN & DIN.
(v) Message exchange with CBDT for PAN.
(vi) Facility to pay application fee using
debit card / credit card.
(vii) Open API for submission of IEC
application.
(viii) Mobile applications for FTP
13. 12
D. Other new Initiatives
12. New initiatives for EOUs, EHTPs and STPs
(a) EOUs, EHTPs, STPs have been allowed to
share infrastructural facilities among
themselves. This will enable units to utilize
their infrastructural facilities in an optimum
way and avoid duplication of efforts and cost
to create separate infrastructural facilities in
different units.
(b) Inter unit transfer of goods and services have
been allowed among EOUs, EHTPs, STPs, and
BTPs. This will facilitate group of those units
which source inputs centrally in order to
obtain bulk discount. This will reduce cost
of transportation, other logistic costs and
result in maintaining effective supply chain.
(c) EOUs have been allowed facility to set up
Warehouses near the port of export. This will
help in reducing lead time for delivery of
goods and will also address the issue of un-
predictability of supply orders.
(d) STP units, EHTP units, software EOUs have
been allowed the facility to use all duty free
equipment/goods for training purposes. This
will help these units in developing skills of
their employees.
14. 13
(e) 100% EOU units have been allowed facility of
supply of spares/ components up to 2% of
the value of the manufactured articles to a
buyer in domestic market for the purpose of
after sale services.
(f) At present, in a period of 5 years EOU units
have to achieve Positive Net Foreign
Exchange Earning (NEE) cumulatively.
Because of adverse market condition or any
ground of genuine hardship, then such period
of 5 years for NFE completion can be
extended by one year.
(f) Time period for validity of Letter of
Permission (LOP) for EOUs/EHTP/ STPI/BTP
Units has been revised for faster
implementation and monitoring of projects.
Now, LOP will have an initial validity of 2
years to enable the unit to construct the
plant and install the machinery. Further
extension can be granted by the Development
Commissioner up to one year. Extension
beyond 3 years of the validity of LOP, can be
granted, in case unit has completed 2/3rd of
activities, including the construction
activities.
(g) At present, EOUs/EHTP/STPI units are
permitted to transfer capital goods to
other EOUs, EHTPs, STPs, SEZ units. Now a
facility has been provided that if such
15. 14
transferred capital goods are rejected by the
recipient, then the same can be returned to
the supplying unit, without payment of duty.
(h) A simplified procedure will be provided to
fast track the de-bonding / exit of the STP/
EHTP units. This will save time for these
units and help in reduction of transaction
cost.
(i) EOUs having physical export turnover of
Rs.10 crore and above, have been allowed
the facility of fast track clearances of import
and domestic procurement. They will be
allowed fast tract clearances of goods, for
export production, on the basis of pre-
authenticated procurement certificate,
issued by customs / central excise
authorities. They will not have to seek
procurement permission for every import
consignment.
13. Facilitating & Encouraging Export of dual
use items (SCOMET).
(a) Validity of SCOMET export authorisation has
been extended from the present 12
months to 24 months. It will help industry to
plan their activity in an orderly manner and
obviate the need to seek revalidation or
relaxation from DGFT.
16. 15
(b) Authorisation for repeat orders will be
considered on automatic basis subject to
certain conditions.
(c) Verification of End User Certificate (EUC) is
being simplified if SCOMET item is being
exported under Defence Export Offset Policy.
(c) Outreach programmes will be conducted at
different locations to raise awareness among
various stakeholders.
14 Facilitating & Encouraging Export of
Defence Exports
(a) Normal export obligation period under
advance authorization is 18 months.
Export obligation period for export items
falling in the category of defence, military
store, aerospace and nuclear energy shall be
24 months from the date of issue of
authorization or co-terminus with contracted
duration of the export order, whichever
is later. This provision will help export of
defence items and other high
technology items.
(b) A list of military stores requiring NOC of
Department of Defence Production has
been notified by DGFT recently. A committee
has been formed to create ITC (HS) codes
17. 16
for defence and security items for which
industrial licenses are issued by DIPP.
15. e-Commerce Exports
(a) Goods falling in the category of handloom
products, books / periodicals, leather
footwear, toys and customized fashion
garments, having FOB value up to Rs.25000
per consignment (finalized using e-
Commerce platform) shall be eligible for
benefits under FTP. Such goods can be
exported in manual mode through Foreign
Post Offices at New Delhi, Mumbai and
Chennai.
(b) Export of such goods under Courier
Regulations shall be allowed manually on
pilot basis through Airports at Delhi, Mumbai
and Chennai as per appropriate
amendments in regulations to be made by
Department of Revenue. Department of
Revenue shall fast track the implementation
of EDI mode at courier terminals.
16. Duty Exemption
(a) Imports against Advance Authorization shall
also be eligible for exemption from
Transitional Product Specific Safeguard Duty.
18. 17
(b) In order to encourage manufacturing of
capital goods in India, import under EPCG
Authorisation Scheme shall not be eligible for
exemption from payment of anti-dumping
duty, safeguard duty and transitional product
specific safeguard duty.
17. Additional Ports allowed for Export and
import
Calicut Airport, Kerala and Arakonam ICD,
Tamil Nadu have been notified as registered
ports for import and export.
18. Duty Free Tariff Preference (DFTP)
Scheme
India has already extended duty free tariff
preference to 33 Least Developed Countries
(LDCs) across the globe. This is being
notified under FTP.
19. Quality complaints and Trade Disputes
(a) In an endeavour to resolve quality
complaints and trade disputes, between
exporters and importers, a new chapter,
namely, Chapter on Quality Complaints and
Trade Disputes has been incorporated in the
Foreign Trade Policy.
(b) For resolving such disputes at a faster pace, a
Committee on Quality Complaints and
19. 18
Trade Disputes (CQCTD) is being constituted
in 22 offices and would have members from
EPCs/FIEOs/APEDA/EICs.
20. Vishakhapatnam and Bhimavaram added
as Towns of Export Excellence
Government has already recognized 33
towns as export excellence towns. It has
been decided to add Vishakhapatnam and
Bhimavaram in Andhra Pradesh as towns of
export excellence (Product Category–
Seafood)
20. 19
Annexure-1
I. Merchandise Exports from India Scheme
(i) Merchandise Exports from India Scheme has
replaced 5 different schemes of earlier FTP
(Focus Product Scheme, Market Linked Focus
Product Scheme, Focus Market Scheme, Agri.
Infrastructure Incentive Scrip, VKGUY) for
rewarding merchandise exports which had
varying conditions (sector specific or actual
user only) attached to their use.
(ii) Now all these schemes have been merged
into a single scheme, namely Merchandise
Export from India Scheme (MEIS) and there
would be no conditionality attached to the
scrips issued under the scheme. Notified
goods exported to notified markets would be
rewarded on realised FOB value of exports.
A. Country Groups:
Category A: Traditional Markets (30) -
European Union (28), USA, Canada.
Category B: Emerging & Focus Markets
(139), Africa (55), Latin America and Mexico
(45), CIS countries (12), Turkey and West
Asian countries (13), ASEAN countries (10),
Japan, South Korea, China, Taiwan,
Category C: Other Markets (70).
21. 20
B. Products supported under MEIS
Level of Support:
Higher rewards have been granted for the
following category of products:
Agricultural and Village industry products,
presently covered under VKGUY.
Value added and packaged products.
Eco-friendly and green products that create
wealth out of waste from agricultural and
other waste products that generate
additional income for the farmers, while
improving the environment.
Labour intensive Products with large
employment potential and Products with
large number of producers and /or
exporters.
Industrial Products from potential winning
sectors.
Hi-tech products with high export earning
potential.
C. Markets Supported
Most Agricultural products supported
across the Globe.
Industrial and other products supported in
Traditional and/or Emerging markets only.
22. 21
D. High potential products not supported
earlier:
Support to 852 Tariff lines that fit in the
product criteria but not provided support in
the earlier FTP. Includes lines from Fruits,
Vegetables, Dairy products, Oils meals,
Ayush & Herbal Products, Paper, Paper
Board Products.
E. Global support has been granted to the
following category:
Fruits, Flowers, vegetables
Tea Coffee, Spices
Cereals preparation, shellac, Essential oils
Processed foods,
Eco Friendly products that add value to
waste
Marine Products
Handloom, Coir, Jute, products and
Technical Textiles, Carpets Handmade.
Other Textile and Readymade garments
have been supported for European Union,
USA, Canada and Japan.
Handicraft, Sports Goods
Furniture, wood articles
F. Support to major markets have been given
to the following product categories
Pharmaceuticals, Herbals, Surgicals
23. 22
Industrial Machinery, IC Engine, Machine
tools, Parts, Auto Components/Parts
Hand Tools, Pumps of All Types
Automobiles, Two wheelers, Bicycles, Ships,
Planes
Chemicals, Plastics
Rubber, Ceramic and Glass
Leather garments, saddlery items, footwear
Steel furniture, Prefabs, Lighters
Wood , Paper, Stationary
iron, steel, and base metals, products
G. Other sectors supported under MEIS
352 Defence related Product with export of
US$ 17.7B consisting of Core Products (20),
Dual Use products (60) ,General Purpose
products (272).
283 Pharmaceutical products of Bulk Drugs
& Drug Intermediates, Drug Formulations
Biologicals, Herbal, Surgicals, and Vaccines.
96 lines of Environment related Goods,
Machinery, Equipment’s.
49 lines where mandatory BIS standards are
prescribed.
7 lines of Technical Textiles.
H. Participation in global value chain of the
items falling under the scheme:
1725 lines of Intermediate Goods - These
goods become inputs in the manufacturing
24. 23
of other countries and will strengthen
backward manufacturing linkages which is
vital for India’s participation in Global Value
Chains.
1109 lines of Capital Goods sector- will also
strengthen Manufacturing Base in India.
1730 lines of Consumer Goods sector- We
hope a quantum jump in export from this
sector with strengthening of Make in India
Brand in near future.
I. Technology based analysis:
572 lines-Low skill Technology-intensive
manufacturing.
1010 lines-Medium skill Technology-
intensive manufacturing.
1309 lines-High Skill Technology-intensive
manufacturing.
J. Women Centric Products supported under
MEIS
(a) Women workers constitute 52% of
plantation workers-203 lines of Tea Coffee,
Spices, Cashew.
(b) 69% of the aggregate female employment is
concentrated in the following sectors:
(i) Manufacture of other food products -
Jelly Confectionery, tomato ketchup,
25. 24
cooked stuffed pasta, pawa, mudi and
the like, gingerbread , papad, pastries
and cakes.
(ii) Manufacture of wearing apparel-396
lines of Readymade Garments
(c) Sectors that have a significant proportion of
female employment (more than 25%):
(i) Agricultural and animal husbandry
service activities, except veterinary
activities– 263 lines of basic
Agriculture products.
(ii) Manufacture of footwear – 28
Footwear and Leather products.
(iii) Consumer Electronics and Electronic
Components, watches and clocks -483
lines.
26. 25
Annexure-2
II. Services Exports from India Scheme
(i) Served from India Scheme (SFIS) has been
replaced with Service Exports from India
Scheme (SEIS). SEIS shall apply to `Service
Providers’ located in India’ instead of `Indian
Service Providers’. Thus SEIS provides for
rewards to all Service providers of notified
services, who are providing services from
India, regardless of the constitution or profile
of the service provider.
(ii) The rate of reward under SEIS would be
based on net foreign exchange earned. The
reward issued as duty credit scrip, would no
longer be with actual user condition and will
no longer be restricted to usage for specified
types of goods but be freely transferable and
usable for all types of goods and service tax
debits on procurement of services/goods.
Debits would be eligible for CENVAT credit or
drawback.
(iii) The present rates of reward are 3% and 5%.
The list of services and the rates of rewards
would be reviewed after 30.9.2015.
27. 26
Sl
No
SECTORS
Admis
sible
rate
1 BUSINESS SERVICES
A
Professional services
Legal services, Accounting, auditing
and bookkeeping services, Taxation
services, Architectural services ,
Engineering services, Integrated
engineering services, Urban planning
and landscape architectural services,
Medical and dental services,
Veterinary services, Services
provided by midwives, nurses,
physiotherapists and paramedical
personnel.
5%
B
Research and development services
R&D services on natural sciences,
R&D services on social sciences and
humanities, Interdisciplinary R&D
services
5%
C.
Rental/Leasing services without
operators
Relating to ships, Relating to aircraft,
Relating to other transport
equipment, Relating to other
machinery and equipment 5%
D
Other business services
Advertising services, Market research
and public opinion polling services
Management consulting service,
Services related to management
consulting, Technical testing and
analysis services, Services incidental
to agricultural, hunting and forestry,
Services incidental to fishing, Services
incidental to mining, Services 3%
28. 27
incidental to manufacturing, Services
incidental to energy distribution,
Placement and supply services of
personnel, Investigation and security,
Related scientific and technical
consulting services, Maintenance and
repair of equipment (not including
maritime vessels, aircraft or other
transport equipment), Building-
cleaning services, Photographic
services, Packaging services, Printing,
publishing and Convention services
2
COMMUNICATION SERVICES
Audiovisual services
Motion picture and video tape
production and distribution service,
Motion picture projection service,
Radio and television services, Radio
and television transmission services,
Sound recording 5%
3
CONSTRUCTION AND RELATED
ENGINEERING SERVICES
General Construction work for
building, General Construction work
for Civil Engineering, Installation and
assembly work , Building completion
and finishing work 5%
4
EDUCATIONAL SERVICES (Please
refer Note 1)
Primary education services,
Secondary education services, Higher
education services, Adult education 5%
5
ENVIRONMENTAL SERVICES
Sewage services, Refuse disposal
services, Sanitation and similar
services 5%
29. 28
6
HEALTH-RELATED AND SOCIAL
SERVICES
Hospital services 5%
7
TOURISM AND TRAVEL-RELATED
SERVICES
A.
Hotels and Restaurants (including
catering)
a. Hotel 3%
b. Restaurants (including catering) 3%
B.
Travel agencies and tour operators
services 5%
C. Tourist guides services 5%
8
RECREATIONAL, CULTURAL AND
SPORTING SERVICES (other than
audiovisual services)
Entertainment services (including
theatre, live bands and circus
services), News agency services,
Libraries, archives, museums and
other cultural services, Sporting and
other recreational services
5%
9
TRANSPORT SERVICES (Please
refer Note 2)
A.
Maritime Transport Services
Passenger transportation*, Freight
transportation* , Rental of vessels
with crew *, Maintenance and repair
of vessels, Pushing and towing
services, Supporting services for
maritime transport
5%
B.
Air transport services
Rental of aircraft with crew,
Maintenance and repair of aircraft,
Airport Operations and ground
handling
5%
30. 29
C
Road Transport Services
Passenger transportation, Freight
transportation, Rental of Commercial
vehicles with operator, Maintenance
and repair of road transport
equipment, Supporting services for
road transport services
5%
D.
Services Auxiliary To All Modes Of
Transport.
Cargo-handling services, Storage and
warehouse services, Freight
transport agency services 5%
Note:
(1) Under education services, SEIS shall not be
available on Capitation fee.
(2) *Operations from India by Indian Flag
Carriers only is allowed under Maritime
transport services.