TaxTMI 
TaxTMI 
Tax Exemptions to Indian Exporters
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....ax Exemptions to Indian Exporters <br>News and Press Release<br>Dated:- 20-11-2019<br><BR>In the current Goods and Services Tax regime, exports are zero rated to ensure that the goods produced in Indi....
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....a for exports are not disadvantaged due to the domestic tax burden and stay competitive internationally. Further, Under the Foreign Trade Policy, Duty Exemptions Schemes ensure that inputs imported/l....
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....ocally procured for use in the export products are either exempt from duties ab-initio, or the taxes are refunded to the exporters in the form of drawback after exports. Under the current Foreign Trad....
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....e Policy, there are two duty exemption schemes, namely, Advance Authorization scheme and the Duty Free Import Authorization scheme. The details of exemptions for last three years under Advance Author....
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....ization Scheme and Duty Free Import Authorization Scheme are as under: 2016-17 2017-18 2018-19 Number of Authorizations issued Number of Authorizations issued Number of Authorizations issued Ad....
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....vance Authorization Scheme 22853 21505 23042 Duty Free Import Authorization Scheme 581 815 1321 The duty exemptions under the Schemes ensure competitiveness of Indian exports in international ....
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....markets and are compliant with India's international commitments. This information was given by the Minister of Commerce and Industry, Piyush Goyal, in a written reply in the Lok Sabha today.<BR> New....
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....s - Press release - PIB....