Market diversification and technological upgradation incentives broaden export support and simplify capital goods access for exporters. Chapter 1B implements targeted export promotion measures focusing on market diversification, technological upgradation and sectoral support. It broadens Focus Market and Market Linked Focus Product Scheme coverage and increases incentive rates; expands and simplifies EPCG facilities including zero duty options and annual requirement procedures; and grants status holders duty credit scrips for capital goods subject to actual user conditions. Sectoral provisions set calibrated duty free import entitlements, bonus benefits under focus schemes, earmarked promotional funds, procedural simplifications and regional incentives to promote higher value addition and diversify export markets.
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Market diversification and technological upgradation incentives broaden export support and simplify capital goods access for exporters.
Chapter 1B implements targeted export promotion measures focusing on market diversification, technological upgradation and sectoral support. It broadens Focus Market and Market Linked Focus Product Scheme coverage and increases incentive rates; expands and simplifies EPCG facilities including zero duty options and annual requirement procedures; and grants status holders duty credit scrips for capital goods subject to actual user conditions. Sectoral provisions set calibrated duty free import entitlements, bonus benefits under focus schemes, earmarked promotional funds, procedural simplifications and regional incentives to promote higher value addition and diversify export markets.
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