Global Trade Alert
Global Trade Alert

India: Expansion of product and market range for export subsidy under Foreign Trade Policy 2009-14

Announcement

31 Dec 2012

In December 2012, the government of India announced a change in financial export support.

Source

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Number of interventions

5

4 certainly harmful

0 likely harmful

1 liberalising

List of interventions

0 in force

Implementation date

01 Jan 2013

Revocation date:

No revocation date

Export subsidy

On 31 December 2012, the Indian Ministry of Commerce and Industry made the following amendments in its export subsidy schemes under the Foreign Trade Policy 2009-14- 3 products are added under the ...

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Tax-based export incentive

Incentives for exports of 3 products (HS 2105, 1208 and 1521.90) have been added under the Vishesh Krishi Gram Udyog Yojana, providing duty scrips of 5% on exports of above goods to any country. 2 HS...

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Tax-based export incentive

Incentives of 2% for exports of 62 products have been provided under the Market Linked Focus Product Scheme (MLFPS), which incenvtises exports of certain products to specific countries. Of the 62 prod...

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Tax-based export incentive

Cayman Islands, Latvia, Bulgaria, New Zealand and Lithuania have been added as additional markets under the Focus Market Scheme that incentivises exports of all goods to these countries at the rate o...

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Implementation date

31 Dec 2012

Revocation date:

No revocation date

Tax-based export incentive

Incentives of 2% of exports for 3 castor oil products have been removed from the Focus Product Scheme (2 of 3) and the Vishesh Krishi Gram Udyog Yojana (1 of 3). Incentives were available on the expor...

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