What is focus product scheme?
Objective: To incentivise export of select products that have high export intensity / employment potential, thereby to offset infrastructure inefficiencies and other associated costs involved in marketing of these products.
Which scheme is based on FPS and FMS?
The Government of India has brought in the Merchandise Exports Incentive Scheme (MEIS), replacing five other similar incentive schemes present in the earlier Foreign Trade Policy 2009-14. The schemes that have been replaced by the MEIS scheme include: Focus Product Scheme (FPS) Focus Market Scheme (FMS)
How many number of items the government has introduced focus product scheme?
The list has 74 items covering five sectors of leather products and footwear; sports goods, stationery and fireworks; handloom; handicraft and value added fish items, according to a notification by the directorate general of Foreign Trade.
What is Mlfps?
The MLFPS is an export promotion incentive for the export of specific products to specific markets.
What is focus product scheme of Dgft?
Is GST applicable on sale of export Licence?
No GST is applicable on sale or purchase of DFIA licenses and Duty Credit Scrips (DCS) in Exports.
What is EPCG scheme?
The objective of the Export Promotion Capital Goods (EPCG) Scheme is to facilitate import of capital goods for producing quality goods and services and enhance India’s manufacturing competitiveness. EPCG Scheme allows import of capital goods for pre-production, production and post-production at zero customs duty.
Who is eligible for Meis scheme?
All the Exporters from India, be it a merchant exporter (trader) or a manufacturer exporter who are exporting the products that are notified in the Appendix 3B – MEIS Schedule are eligible to claim incentives under the MEIS Scheme.
Which country has been India’s largest exporter in recent times?
Top 10 countries to which India exports The United States remains India’s top export partner in 2021-22, followed by China.
What is duty exemption and remission scheme?
Launched by the Ministry of Commerce and Industry, the Duty Exemption scheme allows duty-free import of inputs that are required for the production of export. Under the Duty Remission Scheme, post export replenishment of duty is provided on inputs that are used in the export products.
Can we sell Dfia?
On perusal of the various letters issued by the importers, exporters and traders as well as letter from the association of the traders of such licenses, it is clearly understood that the trade invariably treats DCS and DFIA as same due to their common inherent nature, that is both the DCS issued under SEIS and MEIS.