Incremental Exports Incentivisation Scheme grants duty credit scrips for verified incremental export growth, subject to exclusions and regional limits. A new Incremental Exports Incentivisation Scheme entitles each IEC holder to a duty credit scrip on verified incremental export growth over a defined reference period, subject to year on year financial growth and disallowing aggregation across group entities. Numerous exports and transaction types are excluded from performance calculation-including re exports, SEZ/EOU/STPI exports, deemed and service exports, third party exports, precious metals and stones, ores, cereals, sugar, crude petroleum and milk products-along with exports to certain jurisdictions and meat and meat products. The scheme is regionally limited and the scrips are freely transferable and usable for domestic sourcing.