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Incentives linked to Export Performance Incentives for marketing of Export Goods Fiscal Incentives Import facilitation for Exports Export Financing Foreign Currency Retention
FISCAL INCENTIVES
Exemption from Sales Tax/VAT Exemption from Income Tax Exemption from Service Tax
Financial Assistance
Varies from 25% to 100% of the total cost depending upon the activity and the implementation agency
Eligibility
The amount of FOB value of export should not exceed Rs. 10 Crore in preceding licensing year Its membership of EPC should complete 12 months
Financial Assistance
Assistance available to meet the cost of travelling expenses and stall charges to cover the cost of participation in the approved event
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2 3 4
LAC
AFRICA CIS ASEAN
1
1 1 1
Rs. 180000
Rs. 150000 Rs. 150000 Rs. 150000
General Areas
Rs. 250000
Quantum of subsidy
Export markets West Asia, SE Asia and CIS countries Rate of subsidy Least of following: 1. Rs. 6 per kg 2. 25% of air freight rate(IATA) 3. 1/3rd of FOB value
North America, far east countries and Europe other than CIS countries
Least of following: 1. Rs. 10 per kg 2. 25% of air freight rate(IATA) 3. 1/3rd of FOB value
Financial Assistance
Nature of activity Product promotion of branded goods Mutilingual printing/distribution of brochure Packaging development/bar coding registration Financial assistance Min of: 5 lac or 50% of total Expenditure Min of: 1 lac or 50% of printing cost Min of: 2 lac or 50% of actual cost
The above assistance is provided by the spice board Reimbursement of air freight/ courier Max of 25,000 per exporter per year by for sending samples way of reimbursement of the expenditure charges incurred by the laboratory Setting up/up gradation ofexporters Min of: 1 lac or 50% of cost of equipment
Facilities for monitoring pesticide residue ISO/IS 9000 quality system Min of: 2 lac or 50% of cost of equipment Min of: 2lac or 50% of certification charges
The MPEDA provides financial assistance under the following schemes Infrastructure development Prawn farming Diversification and modification Quality control Marketing services
Financial assistance
Nature of activity Scale of assistance Undertaking feasibility studies and market Min of: 5 lac or 50% of cost of study surveys Purchase of specialized transport units Min of: 2.5 lac or 25% of capital cost
FISCAL INCENTIVES
Exporter is required to pay the VAT and later claim its refund. Exporters are entitled to full reimbursement of CST paid by them on the purchases made by them from within the state in which they are located for the purpose of production of goods meant for exports.
Entitlement
(i)
Income Tax exemption as per 80 IA of the Income Tax Act.
(ii) (iii)
Exemption from Service Tax. Free foreign exchange currency transactions would be permitted.
EXPORT FINANCE
Export Credit comes under the Priority Sector Lending for only Foreign banks. Target( As per R.B.I) 12 per cent of ANBC or credit equivalent amount of Off-Balance Sheet Exposure, whichever is higher. No targets for SCBs.
Classification
Pre-Shipment Finance To meet the working capital requirement of exporters. Eligible exporters procure raw material, supplies, process or manufacture or warehouses or ship the goods meant for export.
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