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Tuesday, August 24, 2010

Highlights of the annual supplement for the financial year 2010 - 11 to Foreign Trade Policy, 2009 - 14


---------- Forwarded message ----------
From: Excise Jain capjain68@gmail.com


Respected Professionals,
 
Annual supplement for the financial year 2010 - 11 to Foreign Trade Policy, 2009 - 14 has been announced. And following are the highlights of the annual supplement.
 
 

·          DEPB to end on 30.06.2011

 

·          Zero duty EPCG extended till 31.03.2012

 

·          Zero duty EPCG scheme extended to many more areas

 

·          SHIS scheme extended upto 31.03.2012

 

·          New products also added SHIS as done for zero duty EPCG scheme

 

·          New annual EPCG scheme for exporters

 

·          Bonus incentive scheme to handicrafts, handloom, silk carpets, leather products, toys and bicycle parts

 

·          More products added for incentive scheme

 

·          Market linked focus market scheme to garments extended till 31.03.2011

 

·          Additional flexibility for transfer of scrip is being allowed under Agri-infrastructure scheme for units in Food parks

 

·          Advance authorization for annual requirement will be exempted from anti dumping and safeguard duties

 

·          4% SAD refund extended to manufacturers who trades the imported goods

 

·          Advance authorization for physical exports and deemed exports will be brought under a single customs notification in order to facilitate clubbing and closure of authorizations.

 

·          Requirement of chartered engineer certificate for advance authorization under ad hoc norms is being dispensed with

 

·          Additional benefit of 2% bonus under FPS allowed for specified products

 

·          256 new products added under FPS for entitlement of 2% benefits

 

·          VKGUY benefits now available for Instant Tea and CSNL Cardinal

 

·          Additional Towns of Export Excellence (TEEs) announced viz. Barmer (Rajasthan) for Handicrafts; Bhiwandi (Maharashtra) for Textiles; and Agra (Uttar Pradesh) for Leather Products

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