Plz Suggest me, What is the focus market scheme,(FMS),Market Linked focus product scheme (MLFPS)and Duty Entitlement product Scheme, and how we can get benefit for this plz confirm me also what is document summited to be avil get this benefit,and how can apply,
27 August 2011
Focus Market Scheme The objective of the Focus Market Scheme is to offset the high freight cost and other disabilities to select international markets with a view to enhance our export competitiveness to these countries.
Exports of all products to the notified countries shall be entitled for duty credit scrip equivalent to 2.5% of the FOB value of exports for each licensing year commencing from 1st April, 2006. The scrip and the items imported against it would be freely transferable.
Under the Scheme, export to all countries as specified in the Handbook of Procedures (Vol. I) shall qualify for export benefits with certain exceptions as outlined.
The Duty Credit may be used for import of inputs or goods including capital goods, provided the same is freely importable under ITC (HS).
Exporters shall have the option to apply for benefit either under the Focus Market Scheme or under the Focus Product Scheme or under Vishesh Krishi and Gram Udyog Yojana in respect of the same exported product/s.
27 August 2011
for applying in DGFT please ensure that the company has get the digital key.
permanently digital key issued for 1 year. and then before lapsed one year we can renewal it from the authorised agency notified by DGFT.net banking must .
after then we can file the above said licences.....
CAclubindia
