SPECIAL FOCUS INITIATIVES

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..... been identified for agriculture, handlooms, handicraft, gems & jewellery, leather and Marine sectors. Government of India shall make concerted efforts to promote exports in these sectors by specific sectoral strategies that shall be notified from time to time. New Sectoral Initiatives to be announced Further Sectoral Initiatives in other sectors will also be announced from time to time. Thrus .....

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..... rimmings and embellishments shall be 5% of FOB value of exports during previous financial year. (c) Duty free import entitlement of hand knotted carpet samples shall be 1% of FOB value of exports during previous financial year. (d) Duty free import of old pieces of hand knotted carpets on consignment basis for re-export after repair shall be permitted. (e) New towns of export excellence with .....

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..... importing may not be viable. (d) Specific funds would be earmarked under MAI & MDA Schemes for promoting Handicraft exports. (e) CVD is exempted on duty free import of trimmings, embellishments and consumables. (f) New towns of export excellence with a reduced threshold limit of Rs 250 crore shall be notified. (g) Machinery and equipment for effluent treatment plants shall be exempt from custo .....

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..... nder Section 10A of Income Tax Act. (v) Leather and Footwear (a) Duty free import entitlement of specified items shall be 5% of FOB value of exports during preceding financial year. (b) Duty free entitlement for import of trimmings, embellishments and footwear components for footwear (leather as well as synthetic), gloves, travel bags and handbags shall be 3% of FOB value of exports of previous .....

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..... year's export. (b) To allow import of monofilament longline system for tuna fishing at a concessional rate of duty. (c) A self removal procedure for clearance of seafood waste is applicable subject to prescribed wastage norms. Hi-tech products Export Promotion Scheme (vii) The scheme has been introduced to promote export of notified hi-tech products. 1B.2 Deleted -
Statute, statutory pro .....

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