Older Export Promotion Schemes - CBEC's Customs Manual 2025 - Customs

9. Older Export Promotion Schemes: 9.1 Target Plus Scheme (TPS) was introduced for the Star Export Houses w.e.f. 1.9.2004 and provided rewards in the form of duty free credit based on incremental export performance. Initially. the entitlement was5% to 15% of the incremental growth in exports. W.e.f. 1-42005, it was reduced to 5%. The scrip and goods imported are subject to actual user condition. Imports allowed were inputs, capital goods including spares, office equipment, professional equipment and office furniture. The scheme ended on 1-4-2006. The reduction in rate of entitlement and exclusion of certain products retrospectively from the Target Plus Scheme has been set aside by Hon ble Supreme Court vibe judgement dated 27.10.2015. In terms of the aforesaid judgment, DGFT is in the process of issuing Target Plus duty credit scrips. [Notification No. 32/2005-Cus., dated 8.4.2005 as amended]