10 November 2010
This is a chapter -3 scheme for incentive providing to Indian exporter. As per foreign trade policy 2009-2014, issued on 23.08.2010by the ministry of commerce government of India, (ftp 2009-2014),
As per para 3.14.2 Exporters of all products to notified countries (as in Appendix 37C of HBPv1) shall be entitled for Duty Credit Scrip equivalent to 3% of FOB value of exports (in free foreign exchange) for exports made from 27.8.2009 onwards, unless a specific date of export / period is specified by public notice / notification.
Ineligible ExportsCategories / Sectorsfor FMS
As per para no. 3.14.3 the following categories of export products / sectors shall Be ineligible for Duty Credit Scrip, under FMS scheme:
a) Supplies made to SEZ units;
b) Service Exports;
c) Diamonds and other precious, semi precious stones;
d) Gold, silver, platinum and other precious metals in any Form, including plain and studded Jewellery;
e) Ores and Concentrates, of all types and in all forms;
f) Cereals, of all types;
g) Sugar, of all types and in all forms;
h) Crude / Petroleum Oil & Crude / Petroleum based Products covered under ITC HS codes 2709 to 2715,of all types and in all forms;
i) Export of Milk and Milk Products covered under ITC HS Codes 0401 to 0406, 19011001, 19011010, 2105 & 3501.
For more info: - (1) Dgft.gov.in & (2) http://www.smeindia.net/export_schemes/DOCS/B-1/FOCUS%20MARKET%20SCHEME.pdf
APPLICATION WILL BE FILED IN CONCERNED REGIONAL LICENSING AUTHORITY IN PRESCRIBED FORMAT.
PLEASE NOTED NO FEE WILL BE CHARGE BY THE DGFT AS PER CURRENT FOREIGN TRADE POLICY ISSUED ON 23.08.2010.
CAclubindia
