Information about focus market shceme

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 December 2011 Any body tell me what is the focus market scheme. we have made 2 export in this current year. we have direct exporter. we have got ut-1. our 1 export in jully month that export we have not taken any export schemes benift. 2 nd time we takeen duty draw back scheme. customs grant 1% draw back to out material. it is a draw back scheme provesions. we heard focus market scheme in export. we exported to kenya & malavi. so we want to focus market scheme benifit. so please tell me Procedures.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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23 December 2011 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 4 % 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.

Please Noted you are eligible for kenya and malawi duty credit would be available would be @ 4% as per foreign trade policy 2011-12.

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