India: Amendments to export incentive schemes as part of the 2013-14 Supplement to the Foreign Trade Policy 2009-14

Announcement

18 Apr 2013

In April 2013, the government of India announced a change in the tax legislation for exporters.

Source

Number of interventions

5 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

01 May 2013

Revocation date:

31 Mar 2015

Updated: 18 Apr 2013

Tax-based export incentive

Incentives 47 products have been added under the Market Linked Focus Product Scheme from the engineering, auto components and textile sectors. Brunei and Yemen have also been added as additional marke...

Updated: 18 Apr 2013

Tax-based export incentive

Venezuela has been added as an additional country under the Special Focus Market Scheme (SFMS). This scheme incentivises exports of all goods to certain countries by providing duty scrips of 4% on the...

Updated: 18 Apr 2013

Tax-based export incentive

Norway has been added as an additional country under the Focus Market Scheme (FMS). This scheme incentivses exports of all products to certain countries by providing duty scrips of 3% of the FOB valu...

Updated: 18 Apr 2013

Tax-based export incentive

Public Notice No. 3(RE 2013/2009-14) extended the geographic scope of the Incremental Exports Incentivisation Scheme (IEIS). The IEIS provides tax credits in proportion to the export growth in designa...

Updated: 18 Apr 2013

Tax-based export incentive

On 18 April 2013, the Ministry of Commerce and Industry presented the Annual Supplement 2013-14 to the Foreign Trade Policy (FTP) 2009-14. Below are the amendments to the various export incentive sche...

Implementation date

01 May 2013

Revocation date:

31 Mar 2015

Updated: 18 Apr 2013

Tax-based export incentive

Public Notice No. 3(RE 2013/2009-14) also revoked export incentives for a number of products, namely: 2 oil-cake products (HS 2306) were removed from the Vishesh Krushi Gram Udyog Yojana scheme 6 ess...