TaxTMI 
TaxTMI 
PROMOTIONAL MEASURES IN DEPARTMENT OF COMMERCE
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.... (SEZs/Agri Business Zones) and augmenting facilities in the existing ones. • Setting up of electronics and other related infrastructure in export conclave. • Equity participation in infrastructure projects including the setting up of SEZs. • Meeting requirements of capital outlay of EPIPs/EPZs/SEZs. • Development of complementary infrastructure such as, roads connecting the production centres with the ports, setting up of Inland Container Depots and Container Freight Stations. • Stabilizing power supply through additional transformers and islanding of export production centre etc. • Development of minor ports and jetties to serve export purpose. • Assistance for setting up Common Effluent Treatment facilities and • Any other activity as may be notified by DoC. Details of ASIDE Scheme are available at http://www.commerce.nic.in or http://www.commerce.gov.in. Market Access Initiative (MAI) 3.2 Under MAI scheme, Financial assistance is provided for export promotion activities on focus country, focus product basis. Financial assistance is available for Export Promotion Councils (EPCs), Industry and Trade Associations (ITAs), Agencie....
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....Access Initiative (MAI) Scheme of DOC. Towns of Export Excellence (TEE) 3.5 A number of towns have emerged as dynamic industrial clusters contributing handsomely to India's exports. It is necessary to grant recognition to these industrial clusters with a view to maximizing their potential and enabling them to move higher in the value chain and tap new markets. Selected towns producing goods of Rs. 750 Crore or more will be notified as TEE based on potential for growth in exports. However for TEE in Handloom, Handicraft, Agriculture and Fisheries sector, threshold limit would be Rs 150 Crores. (i) Recognized associations of units will be provided financial assistance under MAI scheme, on priority basis, for export promotion projects for marketing, capacity building and technological services. (ii) Common Service Providers in these areas shall be entitled for EPCG scheme. (iii) The projects received from TEEs shall be accorded priority by SLEPC for financial assistance under ASIDE. Notified Towns (TEEs) are listed in Appendix 7 of HBPv1. Brand Promotion and Quality 3.6 IBEF (originally called India Brand Equity Fund and later renamed as India Brand Equity Foundation) was set....
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....ceeding limit below. For Export House (EH) Status, export performance is necessary in at least two out of four years (i.e., current plus previous three years). Status Category Export Performance FOB / FOR Value (Rupees in Crores) Export House (EH) 20 Star Export House (SEH) 100 Trading House (TH) 500 Star Trading House (STH) 2500 Premier Trading House (PTH) 7500 Double Weightage and Other Conditions for Grant of Status 3.10.3 (i) Exporters in Small Scale Industry (SSI) / Tiny Sector / Cottage Sector, Units registered with KVICs / KVIBs, Units located in North Eastern States, Sikkim and Jammu & Kashmir, Units exporting handloom / handicrafts / hand knotted or silk carpets, exporters exporting to countries in Latin America / CIS / sub- Saharan Africa as listed in Appendix-9, Units having ISO 9000 (series) / ISO 14000 (series) / WHOGMP / HACCP / SEI CMM level-II and above status granted by agencies listed in Appendix-6 of HBP v1, exports of services and exports of agro products shall be entitled for double weightage on exports made for grant of status. Double Weightage shall be admissible to Merchant as well as Manufacturer Exporters. However, a shipment can get double w....
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....es with Services EPC. Other service exporters shall register themselves with Federation of Indian Export Organisations (FIEO). Common Facility Centres 3.11.3 Government shall promote establishment of Common Facility Centres for use by home-based service providers, particularly in areas like Engineering & Architectural Design, Multi-media operations, Software developers etc., in State and District level towns, to draw in a vast multitude of home-based professionals into services export arena. REWARD / INCENTIVE SCHEMES IN DGFT 3.12 SERVED FROM INDIA SCHEME (SFIS) Objective 3.12.1 Objective is to accelerate growth in export of services so as to create a powerful and unique 'Served From India' brand, instantly recognized and respected world over. Eligibility 1[3.12.2 Indian Service Providers of services which are listed in Appendix 41 of HBP v1 and who have free foreign exchange earning of at least Rs. 10 Lakhs in current financial year will be eligible for Duty Credit Scrip. For Individual Indian Service Providers, minimum free foreign exchange earnings would be Rs. 5 Lakhs.]. Ineligible Services and Service Providers 3.12.3 Services and Service Providers as listed in Par....
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....orters, of products notified in Appendix 37A of HBPv1, shall be entitled for Duty Credit Scrip equivalent to 5% of FOB value of exports (in free foreign exchange) for exports made from 27.8.2009 onwards, unless a specific date of export / period is specified by public notice / notification. However, for exports made w.e.f 27.8.2009, some Flowers, Fruits, Vegetables and other products, as listed in Table 2 of Appendix 37A shall be entitled to an additional duty credit scrip equivalent to 2% of FOB value of exports; over and above the 5% or 3% VKGUY reduced rate entitlement available as per Para 3.13.3 below. Applicability of Reduced Rate 3.13.3 Duty Credit Scrip benefits under VKGUY scheme shall be granted only at a reduced rate of 3% of FOB value of exports in such cases where exporter has also availed benefits of: (i) Drawback at rates higher than 1%; and/or (ii) Specific DEPB rate (i.e. other than Miscellaneous Category - Sr. Nos. 22D & 22C of Product Group 90); and/or (iii) Advance Authorization or Duty Free Import Authorization Import of inputs (other than catalysts, consumables and packing materials) for the exported product for which Duty Credit Scrip under VKGUY is b....
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....eligible Exports Categories / Sectors for FMS 3.14.3 The following categories of export products / sectors shall be ineligible for Duty Credit Scrip, under FMS scheme: a) Supplies made to SEZ units; b) Service Exports; c) Diamonds and other precious, semi-precious stones; d) Gold, silver, platinum and other precious metals in any form, including plain and studded Jewellery; e) Ores and Concentrates, of all types and in all forms; f) Cereals, of all types; g) Sugar, of all types and in all forms; h) Crude / Petroleum Oil & Crude / Petroleum based Products covered under ITC HS codes 2709 to 2715, of all types and in all forms; and i) Export of Milk and Milk Products covered under ITC HS Codes 0401 to 0406, 19011001, 19011010, 2105 & 3501. 3.15 FOCUS PRODUCT SCHEME (FPS) Objective 3.15.1 Objective is to incentivise export of such products which have high export intensity / employment potential, so as to offset infrastructure inefficiencies and other associated costs involved in marketing of these products. Entitlement 3.15.2 Exports of notified products (as in Appendix 37D of HBPv1) to all countries (including SEZ units) shall be entitled for Duty Credit scrip equivalen....
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.... 2012-2013.] 3.16.2 Status Holders availing Technology Upgradation Fund Scheme (TUFS) benefits (under Ministry of Textiles) during a particular year shall not be eligible for Status Holders Incentive Scrip for exports of that year. 3.16.3 The Status Holders Incentive Scrip shall be with Actual User Condition and shall be used for imports of capital goods (as defined in FTP) relating to the sectors specified in Para 3.16.4 below. 3.16.4 The Status Holders of the following Sectors shall be eligible for this Status Holders Incentive Scrip: 1. Leather Sector (excluding finished leather); 2. Textiles and Jute Sector; 3. Handicrafts; 4. Engineering Sector (excluding Iron & Steel, Nonferrous Metals in primary or intermediate forms, Automobiles & two wheelers, nuclear reactors & parts and Ships, Boats and Floating Structures); 5. Plastics; and 6. Basic Chemicals (excluding Pharma Products). The Status Holders of the additional sectors listed in the Para 3.10.8 of HBPv1 2009-14 (RE-2010) shall be eligible for this Status Holders Incentive Scrip on exports made during 2010-11 and 2011-12. Special Provisions 3.17 Common Provisions of Duty Credit Scrips, except where specifically p....
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....ed under Telegraphic Release Advice (TRA) facility as per DoR notification. Exclusivity of Entitlement 3.17.8 For a shipment, Duty Credit Scrip benefit under any one of the schemes covered in this Chapter can alone be claimed, at exporter's option. Import under Lease financing 3.17.9 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 3.17.10 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. However, for VKGUY, FMS and FPS (including MLFPS), benefits can be claimed either by the supporting manufacturer (along with disclaimer from the company / firm who has realized the foreign exchange directly from 43 overseas) or by the company / firm who has realized the foreign exchange directly from overseas. Facility of Payment of Customs Duties in case of E.O. defaults 3.17.11....