Export Incentives and Benefits for Indian Exporters
Explore various export incentives available to Indian exporters, such as IRMAC Scheme, Marketing Development Assistance, Duty Drawback, EOU Encouragement, EPCG Scheme, Financial Benefits, and Exemption from Excise Duty. These schemes offer financial support, raw material assistance, marketing development, and duty exemptions to boost India's export sector.
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Presentation Transcript
EXPORT MARKETING Dr. Sumita Shankar
EXPORT INCENTIVES AVAILABLE TO INDIAN EXPORTERS
1. IRMAC SCHEME 1. It stands for Industrial Raw Material Assistance Centre 2. It is for supply of imported raw material 3. The centre imports raw material in bulk 4. The centre supplies raw material to exporters. 5. The raw material is supplied at concessional rate.
2. MARKETING DEVELOPMENT ASSISTANCE 1. This scheme is also known as MDA 2. MDA India is created by Government of 3. It is directed towards developing marketing abilities of exporters. 4. Exporters are eligible for MDA in the form of deduction in their taxable
3. DUTY DRAW BACK 1. It is also known as DBK 2. The exporters are entitled to claim refund of customs duty paid on the imported raw material. 3. DBK excise duty. involves refund of Central
4. ENCOURAGEMENT TO EOU 1. EOU units stands for export oriented 2. They are allowed to import raw material 3. EOU chemicals, engineering . s are concentrated food in , processing,
5. EXPORT PROMOTION CAPITAL GOODS SCHEME 1. This scheme is famously called as EPCG Scheme. 2. Under capital 5%customs duty . this goods scheme are import allowed of at 3. The export obligation to be fulfilled within 8 years
6. FINANCIAL BENEFITS 1. pre-shipment finance 2. Post Shipment finance 3. Exporter can claim refund of Octroi duty from local authorities 4. Finance from commercial and Exim Bank
7. EXEMPTION FROM EXCISE DUTY 1. Finished exempted payment. goods from if exported Excise are duty 2. Under two ways 1) Export Under REBATE 2) Export Under Bond
8. TRANSPORT FACILITIES 1. Rail Freight rebate 2. Ocean Freight 3. Air Freight subsidy
9 . DEEMED EXPORT BENEFITS In this transaction goods do not leave the country 1. Payment is received in Indian Rupee or foreign exchange 2. Only the goods manufactured in India qualify for this benefit 3.
10 . MERCHANDISE EXPORTS FROM INDIA SCHEME This scheme is launched in FTP 2015-20 1. MEIS incentives are available at 2, 3 and 5% of FOB value of exports 2. It includes agriculture products, handloom, electrical, vegetables , handicraft, Industrial machinery , paper, iron, 3. fruits herbs, ,
10 . SERVICE EXPORTS FROM INDIA SCHEME This scheme is launched in FTP 2015-20 1. Under SEIS scheme Duty Credit Scripts shall be granted as rewards 2 Duty Credit Scripts and goods imported shall be freely transferable 3 Eligibility exchange PREVIOUS FIANNACIAL YEAR. exporter earnings should of have 115,000 foreign 4 $ IN The service provider gets 3 to 5% on net foreign exchange earned. 5
