Page 254 - DMGT546_INTERNATIONAL_TRADE_PROCEDURE_AND_DOCUMENTATION

Anand Thakur, Lovely Professional University
Unit 12: Export Incentives Schemes

Unit 12: Export Incentives Schemes Notes

CONTENTS
Objectives
Introduction
12.1 Sales Tax/VAT Exemption

12.2 Excise Exemption
12.3 Procedure for Filing the Rebate Claim and its Sanction
12.4 Duty Drawback

12.5 Income Tax Concessions
12.6 Export Promotion Capital Goods Scheme
12.7 Duty Free Import Authorization Scheme
12.8 Star Export Houses
12.9 EOUs, Electronic Hardware Technology Parks, Software Technology Parks,
Biotechnology Parks
12.10 Deemed Exports
12.11 Summary

12.12 Keywords
12.13 Review Questions
12.14 Further Readings

Objectives

After studying this unit, you will be able to:

Explain Export incentives
Describe Duty Exemption Scheme
Discuss Duty Remission Scheme
Explain Export promotion capital goods

Introduction

The Commerce & Industry Ministry on 7th April, 2006 announced trade initiatives in form of
Annual Supplement, 2006 to the Foreign Trade Policy 2004-09 (AS) to put country’s exports on a
trajectory of quantum growth and to create large number of jobs.

Exports emerge as a major source of job creation in the Indian economy:
1.4 million incremental jobs created through exports in 2004-05.
8 million additional jobs projected through exports by 2009.

Textiles, garments, leather goods, gems & jewellery, horticultural exports of fruits &
flowers, dairy products, processed foods, pharmaceuticals, and automobiles identified as
high growth sectors for employment.

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