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Double our
percentage share of
global merchandize
trade within 5 years
OBJECTIVES
SHORT
TERM
OBJECTIVES
Provide additional
exports to sectors
badly hit by recession
Achieving an annual Upto 2014, the country
export growth of 15% should be able to come
with an annual export back on the high export
target of US$ 200 growth path of around
billion by March 2011 25% per annum
Providing full
Improvement in
Bringing down refund of all
infrastructure
transaction costs indirect taxes and
related to exports
levies
TOP 5 COMMODITIES
EXPORT IMPORT
IMPORT
UAE CHINA P RP
14% USA 12%
11% UAE
8%
SAUDI ARAB
6%
USA
Others 5%
61% CHINA P RP Others
5% 64%
HONG KONG SWITZERLAND
5% 5%
SINGAPORE
4%
TERMINOLOGIES
FOCUS PRODUCT SCHEME (FPS)
Introduced in 2006
It provides incentives for export of products which have
high employment potential in rural and semi urban areas
Purpose - to offset the inherent infrastructure bottlenecks
and other associated costs involved in marketing of such
products
In total, 103 products are covered under the scheme
FOCUS MARKET SCHEME (FMS)
Introduced in 2006
The scheme allowed duty credit facility at given per cent
of the FOB value of exports of all products to the notified
countries
Purpose - offsetting the high freight cost and other
disabilities faced in accessing select international markets
In total, 57 markets are covered under the scheme
EXPORT ORIENTED UNITS (EOU)
HANDLOOM SECTOR
To simplify claims under FPS, requirement of ‘Handloom
Mark’ for availing benefits under FPS has been removed
EOUs
EOUs have been allowed to sell products manufactured by them
in DTA upto a limit of 90% instead of existing 75%, without
changing the criteria of ‘similar goods’, within the overall
entitlement of 50% for DTA sale.
To provide clarity to the customs field formations, DOR shall
issue a clarification to enable procurement of spares beyond 5%
by granite sector EOUs.
EOUs will now be allowed to procure finished goods for
consolidation along with their manufactured goods, subject to
certain safeguards.
During this period of downturn, Board of Approvals (BOA) to
consider, extension of block period by one year for calculation of
Net Foreign Exchange earning of EOUs.
EOUs will now be allowed CENVAT Credit facility for the
VALUE ADDED MANUFACTURING
DEPB