Export Promotion Schemes

• Duty exemption & remission schemes.
• 2.1 Advance Authorization Scheme.
• 2.2 Advance Authorization for annual requirement.
• 2.3 Duty Free Import Authorization (DFIA) Scheme.
• 2.4 Duty Drawback of Customs/Central Excise Duties/Service Tax.
• 2.5 Rebate of Service tax through all industry rates.
• EPCG SCHEME.

What are the examples of export promotion?

Export promotion can be said to mean a set of activities that are aimed at encouraging sales of a nation’s produce to foreign countries. Examples of Nigerian Export Produce are: Cocoa, Coffee, Cassava, Oil palm produce, Pepper, Cotton, Groundnuts, Hides and skins, etc.

What is the benefit of export promotion?

Export promotion leads to expansion of goods for the foreign market. These goods earn foreign exchange that can be used to facilitate development. Export promotion industries have a wide market for their produce for both domestic and foreign markets. They are therefore able to produce for a greater capacity.

Why do we need an export promotion scheme?

Marketing Development Assistance ( MDA) scheme: The main motive of this scheme is to encourage export activities abroad, help the export promotion councils to promote their products and to take such other measures to market internationally.

How does MSME help in export promotion activities?

Description: Entrepreneurs get funding for participating in trade fairs. It assists exporters for export promotion activities. Nature of assistance: The scheme offers funding up to 90 per cent in respect of to and fro air fare for the participation by MSME entrepreneurs in overseas fairs/trade delegations.

How does export promotion capital goods ( EPCG ) scheme work?

EPCG Scheme The Export Promotion Capital Goods (EPCG) Scheme shall allow import of capital goods for preproduction and post production facilities also. The Export Obligation under the scheme shall be linked to the duty saved and shall b 8 times the duty saved.

Which is the best scheme for exporting services in India?

Services Exports from India Scheme (SEIS) Description: The SEIS has been introduced to increase exports of notified services. Nature of assistance: The rewards under SEIS shall be admissible for exports made/services rendered on or after the date of notification of this policy.