<h1>India Boosts Exports with Incentive Schemes: Duty Credits and Benefits for Tech, Engineering, Chemicals, and Pharmaceuticals.</h1> The Government of India introduced several incentive schemes to promote exports over the past three years. The Status Holders Incentive Scheme, launched in 2009, offers a 1% duty credit for technology upgrades. The Special Bonus Benefit Scheme, active from October 2011 to March 2012, provided 1% benefits for specific engineering, chemical, and pharmaceutical sectors. The Special Focus Market Scheme grants an additional 1% duty credit for exports to 41 countries, enhancing competitiveness. A Monitoring Committee oversees these schemes, with Rs. 1350 crores allocated annually. Measures against misuse include penalties and suspensions under relevant trade laws.