Application for Duty Credit Scrips of additional 2% under MLFPS
Dated November 3rd, 2015 | Copy of | Notification No.08/2015 | To, 1. All IEC Holders 2. All EPCs/All Chambers of Trade and Industries 3. FIEO/ASSOCHAM/CII 4. All RA’s of DGFT 5. DG (System)/ICEGATE 6. TEXPROCIL Application for Duty Credit Scrips of additional 2% under Market Linked Focus Product Scheme (MLFPS) - reg. Under the Foreign Trade Policy 2009-14, DGFT vide Public Notice No.53 dated 27.2.2014 allowed for grant of additional Duty Credit Scrips @ 2% to certain specified products under the Market Linked Focus Product Scheme (MLFPS) for exports made w.e.f.1.3.2014 to 31.8.2014 if exported to the EU (27 countries). This 2% duty credit scrips was in addition to the benefits of 2% under Focus Product Scheme (FPS). 2. It has ...
New FTP simplifies and merges all merchandise incentive schemes
Shakti Shankar Patra | The Dollar Business In a much needed simplification procedure, the Modi Sarkar has merged all existing merchandise export incentive schemes like Focus Market Scheme (FMS), Focus Product Scheme (FPS), Market Linked Focus Product Scheme (MLFPS), Vishesh Krishi & Gram Udyog Yojana (VKGUY) and Agri Infrastructure Incentive Scheme (AIIS) to come up with a single Merchandise Exports from India Scheme (MEIS). Part of the much-awaited and much-delayed Foreign Trade Policy (FTP) that was released at Vigyan Bhawan in New Delhi on Wednesday, MEIS, essentially, tells an exporter that a product, when exported to a particular country, will fetch a certain percentage of the FOB value. This does away with the need to keep a constant eye on ...
