TaxTMI 
TaxTMI 
TaxTMI 
SPECIAL FOCUS INITIATIVES
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.... 2008-09 to 2011-12, weaker demand in developed economies, triggered by falling asset prices and increased economic uncertainty had pulled down the growth of India's exports to developed countries. To insulate Indian exports from the decline in demand from developed countries, in this Policy focus is on diversification of Indian exports to other markets, specially those located in Latin America, Africa, parts of Asia and Oceania. To achieve diversification of Indian exports, following initiatives have been taken under this Policy. (a) 29 new countries have been included within the ambit of Focus Market Scheme. (b) The incentives provided under Focus Market Scheme have been increased from 2.5% to 3%. (c) There has been a significant increase in the outlay under 'Market Linked Focus Product Scheme' by inclusion of more markets and products. This ensures support for exports to all countries in Africa and Latin America, and major Asian markets like China and Japan. (ii) T....
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....rip can be used for import / domestic procurement of capital goods by these status holders. The SHIS scrip shall be subject to actual user condition. However, transferability amongst status holders having manufacturing facility has been allowed. The status holder incentive scrip scheme has been expanded to cover more export product groups including 1[***], sports goods, toys, specified chemicals and allied products and additional engineering products. The scheme is also being extended upto 31.3.2013. (iv) Agriculture and Village Industry (a) Vishesh Krishi and Gram Udyog Yojana (b) Capital goods imported under EPCG will be permitted to be installed anywhere in AEZ. (c) Import of restricted items, such as panels, are allowed under various export promotion schemes. (d) Import of inputs such as pesticides are permitted under Advance Authorisation for agro exports. &n....
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....s for promoting Handicraft exports. (d) CVD is exempted on duty free import of trimmings, embellishments and consumables. (e) New towns of export excellence with a reduced threshold limit of Rs 150 crore shall be notified. (f) Machinery and equipment for effluent treatment plants are exempt from customs duty. (g) All handicraft exports would be treated as special Focus products and entitled to higher incentives. (h) In addition to above, 2% bonus benefits under Focus Product Scheme for Handicraft exports. (vii) Gems & Jewellery (a) Import of gold of 8k and above is allowed under replenishment scheme subject to import being accompanied by an Assay Certificate specifying purity, weight and alloy content. (b) Duty Free Import E....
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.... (c) Duty free import entitlement of specified items is 3% of FOB value of exports of leather garments during preceding financial year. (d) Duty free entitlement for import of trimmings, embellishments and footwear components for footwear (leather as well as synthetic), gloves, travel bags and handbags is 3% of FOB value of exports of previous financial year. Such entitlement shall also cover packing material, such as printed and non-printed shoeboxes, small cartons made of wood, tin or plastic materials for packing footwear. (e) Machinery and equipment for Effluent Treatment Plants shall be exempted from basic customs duty. (f) Re-export of unsuitable imported materials such as raw hides & skins and wet blue leathers is permitted. (g) CVD is exempted on lining and interlining material notified at S.No 168 of Customs Notification No 21/2002 dated 01.03.2002. &n....