product scheme

Hand-made carpets and other textile floor coverings, covered under Chapter 57 of ITC (HS) Classification Book, are eligible for duty credit scrip under Focus Product Scheme at the rate of 5% for exports made with effect from 23-2-2009. Before 23-2-2009, these were eligible for duty credit scrip under VKGUY/FPS at different rates. Full Article

Shri Anand Sharma, Union Minister of Commerce and Industry, while addressing the media here today, has announced a series of new incentives for exporters. These are as follows: 1. New Products under Focus Product Scheme (FPS): 1.1 112 new products added under FPS at 8 digit level, eligible for benefits @ 2% of FOB value of exports to all markets. Full Article

The features of the Foreign Trade Policy for 2009-14 which was announced by Commerce Minister, Anand Sharma, on Thursday are: Higher Support for Market and Product Diversification 1. Incentive schemes under Chapter 3 have been expanded by way of addition of new products and markets. Full Article