We are pleased to attach here with valuable information shared about Export Incentives & Exemptions offered by Government of India, a detailed power point presentation presented by Shalishkumar-CEO, Export Import Bureau of India as speaker at WESCON - 2014 seminar held at Vadodara on 27h June 2014.
Text of Export incentives & Exemptions
ExportExport--Import Bureau Of IndiaImport Bureau Of
IndiaExportExport--Import Bureau Of IndiaImport Bureau Of India
WelcomesWelcomes Participants ofParticipants of
WESCONWESCON--20142014
ExportExport--Import Bureau Of IndiaImport Bureau Of India The
government of India offersThe government of India offers various
Schemes to Exporters tovarious Schemes to Exporters to improve
their ability to competeimprove their ability to competeimprove
their ability to competeimprove their ability to compete in the
International Market &in the International Market & Offer
quality products at aOffer quality products at a reasonable
price.reasonable price. 22
Government Schemes toGovernment Schemes to support
exportssupport exports Exemptions from Sales Tax/ Excise
DutiesExemptions from Sales Tax/ Excise Duties Duty DrawbackDuty
Drawback Advance AuthorizationAdvance Authorization Duty Free
Import AuthorizationDuty Free Import AuthorizationDuty Free Import
AuthorizationDuty Free Import Authorization Export Promotion
Capital Goods SchemeExport Promotion Capital Goods Scheme Focus
Market SchemeFocus Market Scheme Focus Product SchemeFocus Product
Scheme Market Linked Focus Product SchemeMarket Linked Focus
Product Scheme 33
SALES TAX EXEMPTIONSSALES TAX EXEMPTIONS
MANUFACTURERMANUFACTURER-- EXPORTEREXPORTER Exports by
Manufacturers are exempted from VAT/Sales Tax.Exports by
Manufacturers are exempted from VAT/Sales Tax. Once Export Order
isOnce Export Order is executed,theexecuted,the manufacturer
furnishes proof ofmanufacturer furnishes proof of Exports. [ Copy
of S/B, B/L / AWB , BRC, Export Invoice duly certified byExports. [
Copy of S/B, B/L / AWB , BRC, Export Invoice duly certified
byExports. [ Copy of S/B, B/L / AWB , BRC, Export Invoice duly
certified byExports. [ Copy of S/B, B/L / AWB , BRC, Export Invoice
duly certified by Customs, etc., ]Customs, etc., ] MERCHANT
EXPORTERMERCHANT EXPORTER Submits formSubmits form H to supporting
manufacturer/supplier.H to supporting manufacturer/supplier. Copy
of B/L / AWB and Mate Receipt.Copy of B/L / AWB and Mate Receipt.
44
EXCISE DUTY EXEMPTIONSEXCISE DUTY EXEMPTIONS
MANUFACTURERMANUFACTURER-- EXPORTEREXPORTER Executes
Surety/Security Bond and Exports under UTExecutes Surety/Security
Bond and Exports under UT--11 Proof of ExportsProof of Exports 55
SubmitsSubmits AREARE--I/AREI/ARE--IIII Export Invoice duly
certified by customsExport Invoice duly certified by customs Copy
of Shipping BillCopy of Shipping Bill Copy of Bills of LadingCopy
of Bills of Lading Mate ReceiptMate Receipt
EXCISE DUTY EXEMPTIONSEXCISE DUTY EXEMPTIONS MERCHANT
EXPORTERMERCHANT EXPORTER Supported bySupported by ExciseeExcisee
Manufacturer/SupplierManufacturer/Supplier Executes CTExecutes
CT--1 with concerned range1 with concerned range After exports
submitsAfter exports submits AREARE--I /AREI /ARE--IIII Invoice,
Packing List, duly certified by Customs.Invoice, Packing List, duly
certified by Customs. Bills of LadingBills of Lading Copy of
Shipping billCopy of Shipping bill 66
ADVANCE AUTHORISATIONSADVANCE AUTHORISATIONS The scheme allows
to club the Advance Authorisation issuedThe scheme allows to club
the Advance Authorisation issued -- Advance Authorisation can be
issued for the following:Advance Authorisation can be issued for
the following: Physical exportsPhysical exports Intermediate
suppliesIntermediate supplies Deemed exportsDeemed exportsDeemed
exportsDeemed exports --An Advance License contains:An Advance
License contains: The names and description of items to be imported
andThe names and description of items to be imported and
exported/supplied.exported/supplied. The quantity of each item to
be imported or wherever the quantityThe quantity of each item to be
imported or wherever the quantity cannot be indicated, the value
oft he item shall be indicatedcannot be indicated, the value oft he
item shall be indicated The aggregate CIF value of imports.The
aggregate CIF value of imports. The FOB/FOR value and quantity of
exports/suppliesThe FOB/FOR value and quantity of
exports/supplies.. 99
Duty Free Import AuthorisationDuty Free Import Authorisation No
normsNo norms Scheme offer for :Scheme offer for :-- Physical
exportsPhysical exports Intermediate suppliesIntermediate supplies
Deemed exportsDeemed exports Exporter Justifies input material with
wastage norms.Exporter Justifies input material with wastage norms.
Non Transferable DFIA issuedNon Transferable DFIA issued 1010
EXPORT PROMOTION CAPITALEXPORT PROMOTION CAPITAL GOODS
SCHEMEGOODS SCHEME What are capital goods?What are capital goods?
Capital goods are the things you need ,in order to manufacture your
productsCapital goods are the things you need ,in order to
manufacture your products or give your services.(including spares
for pre production, production and postor give your
services.(including spares for pre production, production and post
production)production) Examples: Foundry Equipments, Advanced
turning and Lathe Machines,Examples: Foundry Equipments, Advanced
turning and Lathe Machines, Presses, expensive lab instruments
Sophisticated computerPresses, expensive lab instruments
Sophisticated computer--server for yourserver for your Call center
etc.Call center etc. What is Export Promotion Capital Goods Scheme?
(EPCG)What is Export Promotion Capital Goods Scheme? (EPCG) Under
EPCG scheme, you can import these instruments (capital goods)Under
EPCG scheme, you can import these instruments (capital goods) at
ZERO% customs duty). But it is subject to an export obligation
rangingat ZERO% customs duty). But it is subject to an export
obligation ranging From 6 times of duty saved on capital goods
imported under EPCG scheme, toFrom 6 times of duty saved on capital
goods imported under EPCG scheme, to be fulfilled in 6 years
reckoned from Authorization issuebe fulfilled in 6 years reckoned
from Authorization issue--date.date. SeondhandSeondhand/Refurbished
Capital Equipments are not allowed under EPCG/Refurbished Capital
Equipments are not allowed under EPCG SchemeScheme 1111
FOCUS MARKET SCHEMEFOCUS MARKET SCHEME Introduced by Ministry
of Commerce & Industry. GOI.Introduced by Ministry of Commerce
& Industry. GOI. This Scheme allows duty credit facility @ 3%
ofThis Scheme allows duty credit facility @ 3% of FOB value
exported from 27.8.2009 onwards of allFOB value exported from
27.8.2009 onwards of all products to notified countries.products to
notified countries. Countries form Latin America & Africa &
manyCountries form Latin America & Africa & many other part
of world.other part of world. List of countries covered under FMS
as attached.List of countries covered under FMS as attached.
1212
FOCUS PRODUCT SCHEMEFOCUS PRODUCT SCHEME Products which have
high employmentProducts which have high employment
Potentional:Potentional: @ 2% of FOB value of Export to all
[email protected] 2% of FOB value of Export to all countries. Exports
made after 27.8.2009.Exports made after 27.8.2009. Scrip or items
imported under schemeScrip or items imported under scheme
transferable.transferable.transferable.transferable. Examples :
Electrical Transformers, MotorsExamples : Electrical Transformers,
Motors Generators, Printing & Processing MachinesGenerators,
Printing & Processing Machines Construction Machines Aluminum
Plates &Construction Machines Aluminum Plates & Sheets,
Bicycle Parts etc.Sheets, Bicycle Parts etc. List of products
covered under FMS asList of products covered under FMS as
attached.attached. 1313
Market Linked Focus ProductMarket Linked Focus Product
SchemeScheme The MLFPS promotes exports of products/sectors ofThe
MLFPS promotes exports of products/sectors of high employment
potential ( Not covered under FPS)high employment potential ( Not
covered under FPS) 2% FOB Value2% FOB Value2% FOB Value2% FOB Value
1414
Status Holders Incentive Scrip SHISStatus Holders Incentive
Scrip SHIS & Served From India Scheme SFIS& Served From
India Scheme SFIS Status Holders shall be entitled @1% scrip of
FOBStatus Holders shall be entitled @1% scrip of FOBStatus Holders
shall be entitled @1% scrip of FOBStatus Holders shall be entitled
@1% scrip of FOB value.value. SFIS scheme is applicable for service
providers.SFIS scheme is applicable for service providers.
1515
Marketing Development AssistanceMarketing Development
Assistance MDA SchemeMDA Scheme Applicable for Participation in
International TradeApplicable for Participation in International
Trade Fair, Exhibitions, Buyer & Seller meets & TradeFair,
Exhibitions, Buyer & Seller meets & Trade Applicable for
Participation in International TradeApplicable for Participation in
International Trade Fair, Exhibitions, Buyer & Seller meets
& TradeFair, Exhibitions, Buyer & Seller meets & Trade
delegationsdelegations Air Fare + Space Rent for Focus Area.Air
Fare + Space Rent for Focus Area. Space Rent for Non Focus
Area.Space Rent for Non Focus Area. Eligibility : Member of EEPC,
< 15 Cr ExportEligibility : Member of EEPC, < 15 Cr Export 5
Grants per year only.5 Grants per year only. 1616
Market Access Initiatives ( MAIMarket Access Initiatives ( MAI
)) Market Surveys & Studies are funded by the Govt.Market
Surveys & Studies are funded by the Govt. 1717
Check ListCheck List To all participants of WESCON 2014, We
provideTo all participants of WESCON 2014, We provide you with a
check list for availing various exemptionsyou with a check list for
availing various exemptionsyou with a check list for availing
various exemptionsyou with a check list for availing various
exemptions and Incentives.and Incentives. 1818
CONCLUSIONCONCLUSION INDIA IS VIBRANTINDIA IS VIBRANT We have
many successful exporters in our region &We have many
successful exporters in our region &We have many successful
exporters in our region &We have many successful exporters in
our region & there is no reason why you should not be one
ofthere is no reason why you should not be one of them.them.
ExportExport-- Import Bureau is there for you.Import Bureau is
there for you. [Promoting India worldwide][Promoting India
worldwide] 1919
ThankingThanking youyou Export Import Bureau of IndiaExport
Import Bureau of India [A Division of World[A Division of World
Trade ConnectionsTrade Connections[A Division of World[A Division
of World Trade ConnectionsTrade Connections 22ndnd Floor, BFloor,
B--166,166, ShrenikShrenik park,park, Productivity
Road,Productivity Road, Akota,Akota, VadodaraVadodara--390020 [GUJ]
India390020 [GUJ] India Tel: +91 2342148/2325355Tel: +91
2342148/2325355 EE--mail:mail:
[email protected]@gmail.com,,
[email protected]@gmail.com Website:Website:
www.worldtradeconnections.co.inwww.worldtradeconnections.co.in
2020