AI Drafter 
TaxTMI 
TaxTMI 
TaxTMI 
PROMOTIONAL MEASURES
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.... Details of ASIDE are available at http://commerce.nic.in. Market Access Initiative (MAI) 3.2 MAI schemem is intended to provide financial assistance for medium term export promotion efforts with sharp focus on a country /product, and is administered by DoC. Financial assistance is available for Export Promotion Councils (EPCs), Industry and Trade Associations (ITAs), Agencies of State Governments, Indian Commercial Missions (ICMs) abroad and other eligible entities as may be notified. A whole range of activities can be funded under MAI scheme. These include, amongst others, (i) Market studies, (ii) Setting up of showroom / warehouse, (iii) Sales promotion campaigns, (iv) International departmental stores, (v) Publicity campaigns, (vi) Participation in international trade fairs, (vii) Brand promotion, (viii) Registration charges for pharmaceuticals, and term export promotion efforts with sharp focus on a country / product, (ix) Testing charges for engineering products. Each of these export promotion activities can receive financial assistance from Government ranging from 25% to 100% of total cost depending upon activity and implementi....
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....ed standards of quality for their products. Central Government will extend support and assistance to Trade and Industry to launch a nationwide programme on quality awareness and to promote total quality management. Test Houses 3.4.2 Central Government will assist in modernisation and upgradation of test houses and laboratories to bring them at par with international standards. Quality Complaints / Disputes 3.4.3 Regional Sub-Committee on Quality Complaints (RSCQC) set up at Regional Offices of this Directorate shall investigate quality complaints received from foreign buyers. Guidelines for settlement of quality complaints, in particular, and such other complaints, in general, are given in Appendix-16 of HBP v1. Trade Disputes affecting Trade Relations 3.4.4 If it comes to DGFT notice or he has reason to believe that anexport or import has been made in a manner that (i) is gravely prejudicial to trade relations of India with any other country; and / or (ii) is gravely prejudicial to interest of other persons engaged in exports or imports; and / or (iii) has brought disrepute to the country; DGFT may take action against such exporter o....
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....Holder shall be eligible for following facilities: (i) Authorisation and Customs clearances for both imports and exports on self-declaration basis; (ii) Fixation of Input-Output norms on priority within 60 days; (iii) Exemption from compulsory negotiation of documents through banks. Remittance / Receipts, however, would be received through banking channels; (iv) 100% retention of foreign exchange in EEFC account; (v) Enhancement in normal repatriation period from 180 days to 360 days; (vi) Deleted (vii) Exemption from furnishing of Bank Guarantee in Schemes under FTP; and (viii) SEHs and above shall be permitted to establish Export Warehouses, as per DoR guidelines. (ix) For status holders, a decision on conferring of ACP Status shall be communicated by Customs within 30 days from receipt of application with Customs. (x) As an option, for Premier Trading House (PTH), the average level of exports under EPCG Scheme shall be the arithmetic mean of export performance in last 5 years, instead of 3 years. 3.5.3 Deleted 3.6 SERVICES EXPORTS Services Exports 3.6.1 Services include all 161 ....
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....g managed hotels) and heritage hotels approved by Department of Tourism (DoT) and other Service providers in tourism sector registered with DoT as well as Clubs having residential facility of minimum 30 rooms shall be entitled to duty credit scrip equivalent to 5% of free foreign exchange earned during preceding financial year / current financial year, as the case may be." Stand-alone restaurants will be entitled to duty credit equivalent to 10% of foreign exchange earned by them in preceding financial year / current financial year, as the case may be.] Imports Allowed 3.6.4.5 Duty Credit scrip may be used for import of any capital goods including spares, office equipment and professional equipment, office furniture and consumables; that are otherwise freely importable ^15[and/or restricted] under ITC (HS). Imports shall relate to any service sector business of applicant. Utilization of Duty Credit scrip earned shall not be permitted for payment of duty in case of import of vehicles, even if such vehicles are freely importable ^15[and/or restricted] under ITC (HS). In case of hotels; clubs having residential facility of minimum 30 rooms; golf resorts and stand-alone ....
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....it Scrip on exports, w.e.f 1.4.2008, unless otherwise specified. 3.8.2.1 Exports made by EOUs / BTPs who do not avail direct tax benefits/ exemption shall be eligible, provided the same is not covered under Paragraph 3.8.2.2. 3.8.2.2 Following exports shall not be taken into account for Duty Credit scrip entitlement. (a) (i) Export of imported goods covered under Para 2.35 of FTP; (ii) Exports through transshipment, meaning thereby that exports originating in third country but transshipped through India; (b) Deemed Exports; (c) Exports made by SEZ units; and (d) Items, which are restricted or prohibited for export under Schedule-2 of Export Policy in ITC (HS). 3.8.3 to 3.8.5 Deleted 3.8.6 For exports during 2008-09, all Status Holders (having status recognition w.e.f 1.4.2008) exporting products covered under ITC HS Chapters 1 to 24, shall be incentivized with duty credit scrip equal to 10% of FOB value of agricultural exports (including benefits entitled under paragraph 3.8.2) provided that the tot....
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....in any form, including plain and studded Jewellery; g. Ores and Concentrates, of all types and in all forms; h. Cereals, of all types; i. Sugar, of all types and in all forms; j. Crude / Petroleum Oil & Crude / Petroleum based Products covered under ITC HS codes 2709 to 2715, of all types and in all forms; k Items, which are restricted or prohibited for export under Schedule-2 of Export Policy in ITC (HS); ^8[l. Deleted] ^8[m. Deleted] ^1[n. For exports w.e.f 17.4.2008, Export of Milk and Milk Products, covered under ITC HS Codes 0401 to 0406, 19011001, 19011010, 2105, & 3501.] 3.9.2.3 Deleted 3.9.3 to 3.9.6 Deleted 3.10 FOCUS PRODUCT SCHEME (FPS) Objective 3.10.1 Objective is to incentivise export of such products, which have high employment intensity in rural and semi urban areas, so as to offset infrastructure inefficiencies and other associated costs involved in marketing of these products. Entitlement 3.10.2 Exports of notified products (as in Appendix 37D of HBP v1) to all countries (including SEZ units) shall be entitled for Duty Credit scrip equivalent to 1.25% of FOB value of exports for each licensing year com....
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....ssible date of exports, shall be notified in Table 12 of Appendix 37D of HBPv1.] ^17[3.10.9 For exports of specified Leather products as notified in Table 1 of Appendix 37D and specified Garments as notified in Table 14 of Appendix 37D, duty credit scrip under MLFPS shall be granted at the rate of 2% on FOB value of Exports when exported to specified linked markets. Such products / sectors along with their linked markets and admissible period / date of exports shall be notified in Table 14 of Appendix 37D of HBP Vol.1.] 3.11 HIGH-TECH PRODUCTS EXPORT PROMOTION SCHEME (HTPEPS) Objective 3.11.1 Objective is to incentivise export of High Technology products. Entitlement 3.11.2 Exports of High Technology products (as notified in Appendix 37E of HBP v1) in for Duty Credit Scrip equivalent to: a) b) free foreign exchange to all countries, shall be entitled (a) 1.25 % of FOB value of exports; or (b) 5% of incremental growth in FOB value (^12[in free foreign exchange]) of exports of notified products for current year (i.e., 200809) over previous year (i.e., 2007-08) (all taken together) and similarly for each subsequent licensing year. Exporter may opt for either....
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....er any one of schemes covered in this Chapter can alone be claimed, at exporter's option. Import under Lease financing 3.12.7 Utilization of Duty Credit scrip shall be permitted for payment of duty in case of import of capital goods under lease financing in terms of provision in Para 2.25 of FTP. Transfer of Export Performance 3.12.8 Transfer of export performance from one to another shall not be permitted. Thus, a shipment bill containing name of applicant shall be counted in export performance / turnover of applicant only if export proceeds from overseas are realized in applicant's bank account and this shall be evidenced from BRC / FIRC. ^2[However, for VKGUY, FMS and FPS, benefits can be claimed either by the supporting manufacturer (along with disclaimer from the company / firm who has realized the foreign exchange directly from overseas) or by the company / firm who has realized the foreign exchange directly from overseas.] ^13[3.12.9 Duty Credit Scrips under Chapter 3 of FTP can also be utilized for payment of duty against imports under EPCG scheme provided the item is importable against the scrip.] ********************** Notes: 1.&nbs....