Global Trade Alert
Global Trade Alert

India: Amendments to several export schemes under the foreign trade policy 2009-14

Announcement

28 Dec 2012

On 28 December 2012, the Indian Ministry of Commerce & Industry introduced the following amendments to its foreign trade policy 2009-14: The described measure was eventually replaced by the new Foreign Trade Policy in May 2015.

Source

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Number of interventions

3

1 certainly harmful

0 likely harmful

2 liberalising

List of interventions

0 in force

Implementation date

18 Apr 2013

Revocation date:

No revocation date

Tax-based export incentive

Meat and meat products were excluded for incentives under the Focus Market Scheme, which incentivises exports of all goods to specified markets with 3% duty scrips on export value. The scheme included...

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Implementation date

01 Jan 2013

Revocation date:

No revocation date

Tax-based export incentive

Marine products were removed from incentives under the Status Holders Incentivisation Scheme. Within the indian foreign trade policy, Status Holders include business leaders, firms with high contribut...

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Implementation date

01 Jan 2013

Revocation date:

No revocation date

Tax-based export incentive

As a major change to pre-existing policy, the Incremental Export Incentivisation Scheme (IEIS) was introduced for the year 2012-13. The IEIS provides incentives based on the additional export growth f...

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