Export Incentive

Export benefits in India

DGFT - Every country believes in keeping foreign reserves on a higher side to balance the economy. For that purpose, every economy tends to encourage the exports and motivate the indigenous production. To encourage the exporter every country provides a lot of benefits in terms of Duty Drawback etc. India is not behind compared to any other [&hel...

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Issues faced by SEZ units under GST Regime

DGFT - Upon reading of the heading, one may feel that what could be issues faced by SEZ unit as they can procure the goods without payment of GST and export their supplies without payment of GST. SEZ units are facing many issues in GST regime due to lack of co-ordination between the associated enactments, GST portal […]...

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RODTEP & Advance Authorization

DGFT - The United States lodged a complaint against India before WTO on 14.03.2018 alleging that export subsidies provided by India under five sets of measures viz. the Export Oriented Units, Electronics Hardware Technology Park and Bio-Technology Park (EOU/EHTP/BTP) Schemes;...

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Advisory for RoDTEP (Remission of Duties and Taxes on Exported Products) Incentive Scheme

DGFT - A new scheme, RoDTEP (Remission of Duties and Taxes on Exported Products) has been launched by the government for exporters. The scheme provides for rebate of Central, State and Local duties/taxes/ levies which are not refunded under any other duty remission schemes. The broad provisions are as under: I. To avail the scheme exporter shall...

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RoDTEP the New incentive scheme for Exporters

DGFT - Chartered Accountant with more than 15 years of practice. Specialized in the field  of Indirect taxation and Foreign Trade Policy. GST consultant for various companies. Assisted many Exporters in documentation and in obtaining the Export Incentive from the DGFT. RODTEP SCHEME A new scheme RoDTEP has been introduced from 1.1.2021 instead ...

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Cabinet approves Production Linked Incentive Scheme for Food Processing Industry

DGFT - Cabinet approved the Central Sector Scheme - 'Production Linked Incentive Scheme for Food Processing Industry (PLISFPI) to support creation of global food manufacturing champions commensurate with India's natural resource endowment and support Indian brands of food products in the international markets with an outlay of Rs. 10900 crore....

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Export Promotion Schemes- RoDTEP, TIES, Duty Drawback, GST Refund

DGFT - Export Promotion The Government of India has launched the Trade Infrastructure for Export Scheme (TIES) scheme w.e.f FY 2017 -18 to assist Central and State Government agencies for creation of appropriate infrastructure for growth of exports from the States. The Scheme provides financial assistance in the form of grant-in-aid to Central/S...

Read More

Production Linked Incentive Scheme

DGFT - Keeping in view India’s vision of becoming ‘Atmanirbhar’ and to enhance India’s Manufacturing Capabilities and Exports, an outlay of INR 1.97 lakh crore has been announced in Union Budget 2021-22 for PLI schemes for 13 key sectors for a period of 5 years starting from fiscal year (FY) 2021- 22....

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Schemes for supporting Traders

DGFT - Ministry of Labour & Employment has launched 'National Pension Scheme for Traders, Shopkeepers and Self-Employed Persons' on 12.09.2019. It is a voluntary and contributory pension scheme. Enrolment to the scheme is done through the Common Service Centres with its network of 3.50 lakh Centres across the country....

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Summary of Performance Audit on MEIS and SEIS

DGFT - This report contains significant results of the performance audit on Merchandise Exports from India Scheme (MEIS) and Service Exports from India Scheme (SEIS), which was conducted to seek an assurance on the success of facilitation measures introduced for simplifying the process of issuance of scrips and to examine effective linkage of ru...

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Market Linked Focus Product Scrip (MLFPS) is a capital receipt

Bharat Rasayan Ltd. Vs ACIT (ITAT Delhi) - Bharat Rasayan Ltd. Vs ACIT (ITAT Delhi) We have also examined the para no. 3.15.3 of the scheme document of the Foreign Trade Policy of Government of India, Ministry of Commerce and Industry wherein it was specified that market linked focus products scripts (MLFPS) is meant for export of products o...

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Customs cannot deny benefit where licensing authority not taking any action – SFIS benefit available to golf carts

EIH Associated Hotels Ltd. Vs Commr. of Customs (E) (CESTAT Mumbai) - EIH Associated Hotels Ltd. Vs Commr. of Customs (E) (CESTAT Mumbai) After considering the submissions of both sides, we find that in the first round of litigation when the original authority confirmed the demand and confiscated the goods with a redemption fine of Rs.1,00,000/-, the appellant filed a...

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Production Linked Subsidy Scheme for Food Sector

F. No. FM-11-12/1/2021-PLIS - (09/04/2021) - Government of India has approved a new Central Sector Scheme - 'Production Linked Incentive Scheme for Food Processing Industry' for implementation during 2021­-22 to 2026-27 with an outlay of Rs. 10,900 crore....

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Submission of data to RoDTEP Committee

Trade Notices No. 32/2020-2021-DGFT - (28/10/2020) - Members of trade are already aware that a new Scheme, Remission of Duties and Taxes on Exported Products (RoDTEP) has been approved for introduction by the Government....

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Procedure to apply for scrips under Scheme for RoSL

Public Notice No. 25/2015-2020-DGFT - (13/10/2020) - The pars 4.01 (d) of the FTP is about the Scheme for RoSL. The Gazette notifications of the Ministry of Textiles about implementation of RoSL. Scheme under scrip mechanism May be referred to for more details. The RoSL scrips shalt be issued only for such old shipping bills Of Scheme for RoSL., for w...

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Amendment in MEIS Schedule with effect fronm 01.01.2020

Public Notice No. 17/2015.2020-DGFT - (22/09/2020) - Certain amendments have been made in the MEIS schedule Table 2 of Appendix 313 to harmonize it with the Notification no. 38 dated 01.01.2020 and the changes in the Finance (No. 2/ Act. 2019. Fifth Schedule as notified by CHIC....

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Ceiling on MEIS benefits on exports made from 01.09.2020 to 31.12.2020

Notification No. 30/2015-2020-DGFT [S.O. 2980(E)] - (01/09/2020) - A limit on total reward under MEIS has been imposed so that for exports made in the period 01.09.2020 to 31.12.2020 the total reward which can be claimed by an IEC holder does not exceed the ceiling of Rs. 2 Cr....

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Recent Posts in "Export Incentive"

Export benefits in India

Every country believes in keeping foreign reserves on a higher side to balance the economy. For that purpose, every economy tends to encourage the exports and motivate the indigenous production. To encourage the exporter every country provides a lot of benefits in terms of Duty Drawback etc. India is not behind compared to any other [&hel...

Read More
Posted Under: DGFT |

Production Linked Subsidy Scheme for Food Sector

F. No. FM-11-12/1/2021-PLIS 09/04/2021

Government of India has approved a new Central Sector Scheme - 'Production Linked Incentive Scheme for Food Processing Industry' for implementation during 2021­-22 to 2026-27 with an outlay of Rs. 10,900 crore....

Read More

Cabinet approves Production Linked Incentive Scheme for Food Processing Industry

Cabinet approved the Central Sector Scheme - 'Production Linked Incentive Scheme for Food Processing Industry (PLISFPI) to support creation of global food manufacturing champions commensurate with India's natural resource endowment and support Indian brands of food products in the international markets with an outlay of Rs. 10900 crore....

Read More
Posted Under: DGFT |

Export Promotion Schemes- RoDTEP, TIES, Duty Drawback, GST Refund

Export Promotion The Government of India has launched the Trade Infrastructure for Export Scheme (TIES) scheme w.e.f FY 2017 -18 to assist Central and State Government agencies for creation of appropriate infrastructure for growth of exports from the States. The Scheme provides financial assistance in the form of grant-in-aid to Central/S...

Read More
Posted Under: DGFT |

Production Linked Incentive Scheme

Keeping in view India’s vision of becoming ‘Atmanirbhar’ and to enhance India’s Manufacturing Capabilities and Exports, an outlay of INR 1.97 lakh crore has been announced in Union Budget 2021-22 for PLI schemes for 13 key sectors for a period of 5 years starting from fiscal year (FY) 2021- 22....

Read More
Posted Under: DGFT |

Issues faced by SEZ units under GST Regime

Upon reading of the heading, one may feel that what could be issues faced by SEZ unit as they can procure the goods without payment of GST and export their supplies without payment of GST. SEZ units are facing many issues in GST regime due to lack of co-ordination between the associated enactments, GST portal […]...

Read More
Posted Under: DGFT | ,

Schemes for supporting Traders

Release ID: 1697016 02/11/2021

Ministry of Labour & Employment has launched 'National Pension Scheme for Traders, Shopkeepers and Self-Employed Persons' on 12.09.2019. It is a voluntary and contributory pension scheme. Enrolment to the scheme is done through the Common Service Centres with its network of 3.50 lakh Centres across the country....

Read More
Posted Under: DGFT |

Market Linked Focus Product Scrip (MLFPS) is a capital receipt

Bharat Rasayan Ltd. Vs ACIT (ITAT Delhi)

Bharat Rasayan Ltd. Vs ACIT (ITAT Delhi) We have also examined the para no. 3.15.3 of the scheme document of the Foreign Trade Policy of Government of India, Ministry of Commerce and Industry wherein it was specified that market linked focus products scripts (MLFPS) is meant for export of products of high export intensity employment [&hel...

Read More

RODTEP & Advance Authorization

The United States lodged a complaint against India before WTO on 14.03.2018 alleging that export subsidies provided by India under five sets of measures viz. the Export Oriented Units, Electronics Hardware Technology Park and Bio-Technology Park (EOU/EHTP/BTP) Schemes;...

Read More
Posted Under: DGFT |

Advisory for RoDTEP (Remission of Duties and Taxes on Exported Products) Incentive Scheme

A new scheme, RoDTEP (Remission of Duties and Taxes on Exported Products) has been launched by the government for exporters. The scheme provides for rebate of Central, State and Local duties/taxes/ levies which are not refunded under any other duty remission schemes. The broad provisions are as under: I. To avail the scheme exporter shall...

Read More
Posted Under: DGFT |

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