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TMI BlogSPECIAL FOCUS INITIATIVESX X X X Extracts X X X X X X X X Extracts X X X X ..... India shall make concerted efforts to promote exports in these sectors by specific sectoral strategies that shall be notified from time to time. (b) Further Sectoral Initiatives in other sectors will also be announced from time to time. (i) Market Diversification During 2008-09 to 2011-12, weaker demand in developed economies, triggered by falling asset prices and increased economic uncertainty had pulled down the growth of India s exports to developed countries. To insulate Indian exports from the decline in demand from developed countries, in this Policy focus is on diversification of Indian exports to other markets, specially those located in Latin America, Africa, parts of Asia and Oceania. To achiev ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (b) The existing 3% EPCG Scheme has been considerably simplified, to ease its usage by the exporters. (c) The facility of EPCG Scheme for Annual Requirement has been introduced to reduce documentation and transaction time. (d) To encourage value added manufacture export, a minimum 15% value addition on imported inputs under Advance Authorisation Scheme has been stipulated. (e) A number of products including automobiles and other engineering products have been included for incentives under Focus Product and Market Linked Focus Product Schemes. (f) Steps to encourage Project Exports shall be taken. (iii) Support to status holders The Government rec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (f) Additional flexibility for agri-infra scrip by way of limited transferability to other status holders and the units in Food Parks allowed. (g) List of items allowed for import for Park Houses notified in Appendix 37 F. (v) Handlooms (a) 2% bonus benefits under focus product shceme. (b) Specific funds are earmarked under MAI / MDA Schemes for promoting handloom exports. (c) Duty free import entitlement of specified trimmings and embellishments is 5% of FOB value of exports during previous financial year. Handloom made-ups have also been included for the entitlement. (d) Duty free import entitlement of hand knotted carpet samples is 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Focus Product Scheme for Handicraft exports. (vii) Gems Jewellery (a) Import of gold of 8k and above is allowed under replenishment scheme subject to import being accompanied by an Assay Certificate specifying purity, weight and alloy content. (b) Duty Free Import Entitlement (based on FOB value of exports during previous financial year) of Consumables, Tools and additional items allowed for: (i) Jewellery made out of: a) Precious metals (other than Gold Platinum) 2% b) Gold and Platinum 1% c) Rhodium finished Silver 3% (ii) Cut and Polished Diamonds 1% ( ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... orts of previous financial year. Such entitlement shall also cover packing material, such as printed and non-printed shoeboxes, small cartons made of wood, tin or plastic materials for packing footwear. (e) Machinery and equipment for Effluent Treatment Plants shall be exempted from basic customs duty. (f) Re-export of unsuitable imported materials such as raw hides skins and wet blue leathers is permitted. (g) CVD is exempted on lining and interlining material notified at S.No 168 of Customs Notification No 21/2002 dated 01.03.2002. (h) CVD is exempted on raw, tanned and dressed fur skins falling under Chapter 43 of ITC (HS). (i) Re-export of unsold hide ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ecialised inputs allowed to the extent of 3% of FOB value of preceding financial year s export. (b) Sports goods and toys shall be treated as a Priority sector under MDA / MAI Scheme. Specific funds would be earmarked under MAI / MDA Scheme for promoting exports from this sector. (c) Applications relating to Sports Goods and Toys shall be considered for fast track clearance by DGFT. (d) Sports Goods and Toys are treated as special focus products and entitled to higher incentives. (e) In addition to above, 2% bonus benefits under Focus Product Scheme for Sports Goods Toys. (f) Sports Goods Toys included for benefits under zero duty EPCG and SHIS schemes. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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