PROMOTIONAL MEASURES IN DEPARTMENT OF COMMERCE
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....quity participation in infrastructure projects including the setting up of SEZs. (iv) Meeting requiremens of capital outlay of EPIPs/EPZs/SEZs. (v) Development of complementary infrastructure such as, roads connecting the production centers with the ports, setting up of Inland Container Depots and Container Freight Stations. (vi) Stabilizing power supply through additional transformers and islanding of export production centre etc. (vii) Development of minor ports and jetties to serve export purpose. (viii) Assistance for setting up Common Effluent Treatment facilities and (ix) Any other activity as may be notified by DoC. Details of ASIDE Scheme are available at: http://www.commerce.nic.in 3.2 Market Access Initiative(MAI) (a) 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), Agencies of State Government, Indian Commercial Missions (ICMs) abroad and other national level institutions/eligible entities as may be notified. (b) The activities that can be funded under MAI scheme include, among....
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....andsomely to India's exports. It is necessary to grant recognition to these industrial clusters with a view to maximize their potential and enable them to move up the value chain and also to tap new markets. (b) 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. The following facilities will be provided to such TEE's: (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 (State Level Export Promotion Committee) for financial assistance under ASIDE. (c) Notified Towns (TEEs) are listed in Appendix 7 of HBPv1. 3.6 Brand Promotion and Quality (a) IBEF (originally called India Brand Equity Fund and later renamed as India Brand Equity Foundation) was set up by the Ministry of Commerce on 11th July, ....
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....ated in table below. The export performance will be counted on the basis of FOB value of export proceeds realized during current plus previous three years (taken together).For Export House (EH) Status, export performance is necessary in at least two out of four 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 3.10.3 Double Weightage and other conditions for Grant of Status (a) 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 14 000 (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 Weight....
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....dix 2 of HBPv1 are required to register themselves with Services EPC. Other service exporters shall register themselves with Federation of Indian Export Organisations (FIEO). 3.11.3 Common Facility Centers Government shall promote establishment of Common Facility Centers, in State and District level towns, for use by home-based service providers, particularly in areas like Engineering & Architectural Design, Multi-media operations, Software developers etc. 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) 3.12.1 Objective Objective of SFIS 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. 3.12.2 Eligibility Indian Service Providers, of services listed in Appendix 41 of HBPv1, 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. 3.12.3 Ineligible Services and Service Providers Services....
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.... for import of consumables including food items and alcoholic beverages. 3.12.7 Non Transferability Entitlement /goods (imported / procured) shall be non-transferable (except within group company and managed hotels) and be subject to Actual User condition. 14[However, these goods can be alienated on completion of 3 years from the date of import / procurement.] 3.12.8 Procurement from Domestic Sources Duty Credit Scrip shall be permitted to be utilised for payment of excise duty in terms of DoR notification issued in this behalf for procurement from domestic sources, in respect of items permitted for imports under SFIS Duty Credit Scrip. 3.13 VISHESH KRISHI AND GRAM UDYOG YOJANA (VKGUY) (SPECIAL AGRICULTURE AND VILLAGE INDUSTRY SCHEME) 3.13.1 Objective Objective of VKGUY is to compensate high transport costs and offset other disadvantages to promote exports of the following products : (i) Agricultural Produce and their value added products; (ii) Minor Forest Produce and their value added variants; (iii) Gram Udyog Products; (iv) Forest Based Products; and (v) Other Products, as notified from time to time. 3.13.2 Entitlement (a) Products listed in Appendix 37A of H....
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....ve Scrip shall be allowed to supporting manufacturer of the status holder. Such transferability would have to be endorsed on the Agri Infrastructure Incentive Scrip from relevant RA.] 3.14 FOCUS MARKET SCHEME (FMS) 3.14.1 Objective Objective of FMS is to offset high freight cost and other externalities to select international markets with a view to enhance India's export competitiveness in these markets. 3.14.2 Entitlement (a) Exporters of all products to countries notified in Table 1 and 2 of Appendix 37C of HBPv1 shall be entitled for Duty Credit Scrip equivalent to 3 % 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 a public notice/notification. (b) Export of products to countries notified in Table 3 of Appendix 37 C of HBP v1 will be entitled for additional Duty Credit Scrip @ 1% of FOB value of exports (in free foreign exchange) for export made with effect from 01.04.2011. 3.14.3 Ineligible Exports Categories/Sectors for FMS The following categories of export products / sectors shall be ineligible for Duty Credit Scrip, under FMS: (i) Supplies made to SEZ units; (i....
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....p; (i) Export of imported goods or exports made through trans-shipment. (ii) Export from SEZ/ EOU /EHTP /STPI /BTP/FTWZ (iii) Deemed Exports (iv) Service Exports (v) Third Party exports (vi) Diamond, Gold, Silver, Platinum, other precious metal in any form including plain and studded jewellery and other precious and semi-precious stones. (vii) Ores and concentrates of all types and in all formations. (viii) Cereals of all types. (ix) Sugar of all types and all forms. (x) Crude/petroleum oil and crude/primary and base products of all types and all formulations. (xi) Export of milk and milk products. (xii) Ex....
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....ferred from any other IEC holder. Benefit under the scheme will not be allowed to an exporter who had made no export during fiscal year 2011-12 and fiscal year 2012-13. The following exports shall not be taken into account for calculation of export performance or for computation of entitlement under the Scheme: (i) Export of imported goods or exports made through trans-shipment. (ii) Export from SEZ/ EOU /EHTP /STPI /BTP/FTWZ (iii) Deemed Exports (iv) Service Exports (v) Third Party exports (vi) Diamond, Gold, Silver, Platinum, other precious metal in any form including plain and studded jewellery and other precious and semi-precious stones. (vii) Ores and concentrates of all types and in all formations. (viii) Cereals of all types. (ix) Sugar of all types and all forms. (x) Crude / petroleum oil and crude / primary and base products of all types and all formulations. (xi) Export of milk and milk products. (xii) Export performance made by one exporter on behalf of other exporter. (xiii) Supplies made to SEZ units. (xiv) Items, export of which requires an export authorisation (except SCOMET), will not be considered. (xv) Export of M....
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....ic date of export/period is specified by public notice/notification.] 3.15.4 22[Incentive to the products listed in Table 3 will be in addition to any benefit which the same item may be entitled to under Table 1 or Table 2 of Appendix 37D.] 3.16 Status Holders Incentive Scrip (SHIS) 3.16.1 (a) Objective of SHIS is to promote investment in upgradation of technology. (b) Status Holders of sectors specified in Para 3.16.4 below, shall be entitled to a Duty Credit Scrip @1% of FOB value of exports made during 2009-10, 2010-11,2011-12 and 2012-13. (c) Status Holders of additional sectors listed in Para 3.10.8 of HBPv1 2009-14 (RE-2010) shall also be eligible for this Status Holders Incentive Scrip on exports made during 2010-11, 2011-12 and 2012-13. (d) This shall be over and above any Duty Credit Scrip claimed/availed under this chapter. 3.16.2 Status Holders availing Technology Upgradation Fund Scheme (TUFS) benefits (administered by 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 will be subject to actual user condition. However transfe....
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....(in free foreign exchange) FOB Value of Exports (in free foreign exchange) shall include up to 12.5% Foreign Agency Commission for computation of Duty Credit Scrip Benefit. 3.17.4 Free Transferability (a) Duty Credit Scrip (FPS including MLFPS, FMS and VKGUY) and items imported against it would be freely transferable. (b) Duty Credit Scrip under SFIS (Para 3.12) shall not be freely transferable. (c) Status Holder Incentive Scrip shall not be transferable except as permitted under Para 3.16.3 above. 3.17.5 Imports Allowed/Domestic Procurement (a) Duty Credit Scrip may be used for import of inputs or goods including capital goods, provided same is freely importable and / or restricted under ITC (HS). However, import of items listed in Appendix 37B of HBPv1 shall not be permitted to be debited. (b) Duty Credit Scrip 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. (c) Duty Credit Scrip can also be utilised for payment of Excise Duty on domestic procurement of such items as permitted to be imported under respective scheme. 12[(d) Duty credit scrips issued under FPS, FMS and ....
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....p; ------------------- Notes:- 1. Inserted vide Notification No: 27(RE-2012)/2009-2014, Dated 28/12/2012 2. Inserted vide Notification No: 27(RE-2012)/2009-2014, Dated 28/12/2012 3. Inserted vide Notification No: 27(RE-2012)/2009-2014, Dated 28/12/2012 4. Added vide Notification No: 3 (RE-2013)/2009-2014 dated 18/4/2013 5. Added vide Notification No: 3 (RE-2013)/2009-2014 dated 18/4/2013 6. Added vide Notification No: 3 (RE-2013)/2009-2014 dated 18/4/2013 7. Added vide Notification No: 3 (RE-2013)/2009-2014 dated 18/4/2013 8. Deleted vide Notification No: 3 (RE-2013)/2009-2014 dated 18/4/2013, before it was read as, "Applicability of Reduced Rate Duty Credit Scrip under VKGUY scheme shall be granted only at a reduced rate of 3 % of FOB value of exports in cases where exporter has also availed following benefits: (i) Drawback at rates higher than 1%; and/or (ii) Specific DEPB rate (i.e. other than Miscellaneous Category - Sr. Nos. 22 C & 22 D of Product Group 90); and/or (iii) Advance Authorization or Duty Free Import Authorization for Import of inputs (other than catalysts, consumables and packing materials) for the export product for which Duty Cre....
TaxTMI
TaxTMI