Reward Incentive scheme Objective SFIS Served From India
Reward/ Incentive scheme: Objective SFIS (Served From India Scheme) VKGUY Vishesh Krishi &Gram Uduog Yojana FMS (Focus Marketing Scheme) Accelerate growth in export of services & unique “served from India’ brand. To promote export of Agri. Product, Minor forest produce & their Value Added Product , Gram Udyog other products as notified from time to time To offset high freight cost and other externalities to select international market with view to enhance Indian's export competitiveness in these market Eligibility Entitlement Indian Service Provider free foreign exchange earning at least 10 Lac in current FY 10% of free foreign exchanges earned during current FY Foreign exchange remittance other than earned for rendering service listed in Para 3. 6. 1 of HBPv 1 Agriculture produce, minor forest products export 5% of FOB Value of Export made from 27. 08. 2009 onward Restricted or prohibited product export and EOU (If get the exemption from income tax) Exporters of all products to countries notified in Table 1 and 2 Appendix 37 C of HBPv 1 Export to table 1 countries entitled duty credit scrip 3% and Table 2 additional 1 % of FOB value of Export Supplies made to SEZ units. Service export. Diamond and other precious , semi precious stone exports etc. . listed 3. 14. 3 FTP Ineligible
Cont…. IEIS (Incremental Export Incentivisation Scheme) FPS (Focus Product Scheme) Objective Eligibility Entitlement Objective of the Scheme is to incentivize incremental exports Incentive will be admissible only if the IEC holder has achieved growth in the financial year 2013 -14 vis a vis financial year 2012 -13. 2% on incremental growth Objective is to incentivize export of such products which have high export intensity / employment potential, so as to offset infrastructure inefficiencies and other associated costs involved in marketing of these products Exports of notified products to all countries Product list in Table 1 of Appendix 37 D of HBPv 1 2% or 5% on FOB Value of export for export made from 27. 08. 2009 onward. Ineligible Export of imported goods or exports made through transshipment. Export from SEZ/ EOU listed 3. 14. 4 FTP
Cont… MLFPS (Market Linked Focus Products Scrip) SHIS (Status Holder incentive Srcip) Objective Eligibility To promote exports of products of high export intensity but which have a low penetration in countries Export of Products/Sectors of high export intensity / employment potential (which are not covered under present FPS List) To promote investment for up gradation of technology of specified sectors Leather Sector Textiles and Jute Sector Handicraft. Engineering Sector Plastic Basic Chemicals (excluding Pharm Products Entitlement 2 % of FOB value of exports. 1% of FOB value of exports in those sectors made during 200910, 2010 -11, 201112, & 2012 -13 Ineligible which are t covered under present FPS List Exported of imported goods Export through transshipment Deemed Exports made by SEZ Item which are restricted for export under export policy in ITC
Thank you
- Slides: 5