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of <h1>Clarification Issued on Target Plus Scheme: Imports Must Relate to Export Product Group; Misuse of Credits Addressed.</h1> The circular clarifies the scope of the Target Plus Scheme (TPS) under the Foreign Trade Policy, which allows Star Export Houses to earn duty-free credits based on incremental exports. These credits can be used to import inputs, capital goods, and office equipment, provided they are freely importable and have a 'broad nexus' with exported products. A recent issue involved misuse of TPS credits by importing almonds, which are not related to the export of rice, violating the 'actual-user' condition. The Ministry of Law clarified that imports must relate to the export product group as inputs, reinforcing the scheme's intended use.
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