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TMI BlogTax Exemptions to Indian ExportersX X X X Extracts X X X X X X X X Extracts X X X X ..... Tax Exemptions to Indian Exporters - News and Press Release Dated:- 20-11-2019 - News - In the current Goods and Services Tax regime, exports are zero rated to ensure that the goods produced in India for exports are not disadvantaged due to the domestic tax burden and stay competitive internationally. Further, Under the Foreign Trade Policy, Duty Exemptions Schemes ensure that inputs ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... imported/locally procured for use in the export products are either exempt from duties ab-initio, or the taxes are refunded to the exporters in the form of drawback after exports. Under the current Foreign Trade Policy, there are two duty exemption schemes, namely, Advance Authorization scheme and the Duty Free Import Authorization scheme. The details of exemptions for last three years u ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nder Advance Authorization Scheme and Duty Free Import Authorization Scheme are as under: 2016-17 2017-18 2018-19 Number of Authorizations issued Number of Authorizations issued Number of Authorizations is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sued Advance Authorization Scheme 22853 21505 23042 Duty Free Import Authorization Scheme 581 815 1321 The duty exemptions under the Schemes ensure competitive ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ness of Indian exports in international markets and are compliant with India s international commitments. This information was given by the Minister of Commerce and Industry, Piyush Goyal, in a written reply in the Lok Sabha today. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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