Every country in the world is planning to achieve and increase its share in the world trade, particularly exports and is subsidizing its exports by some form of subsidy or the other. It may be Income Tax concession, sales/ purchase/ VAT refunds, bonus vouchers, dual rate of exchange, refund of freight etc.
The state governments shall be encouraged to fully participate in encouraging exports from their respective states. For this purpose, suitable provisions shall be made in the Annual Plan of the Department of Commerce for allocation of funds to the states on the twin criteria of gross exports and the rate of growth of exports from different states. The states shall utilize this amount for developing complementary and critical infrastructure such as roads connecting production centers with the ports, setting up of Inland container Depots and Container Freight Stations, creation of new state level export promotion industrial parks/zones, augmenting common facilities in the existing zones, equity participation in infrastructure projects and any other activities as may be notified by DGFT from time to time.
The small scale sector along with the cottage and handicraft sector has been contributing to more than half of the total exports of the country. The cottage and handicrafts sector which mostly employs artisan and rural people contributes significantly to this effort. With a view to promoting agricultural export from the country and remunerative returns to the farming community in a sustained manner, AEZ as announced earlier would be set up for end to end development for export of specific products from a geographically contiguous area.
[...] The states shall utilize this amount for developing complementary and critical infrastructure such as roads connecting production centers with the ports, setting up of Inland container Depots and Container Freight Stations, creation of new state level export promotion industrial parks/zones, augmenting common facilities in the existing zones, equity participation in infrastructure projects and any other activities as may be notified by DGFT from time to time MARKET ACCESS INITIAVITE : Financial assistance shall be available under the scheme to the export promotion councils, industry and trade associates and other eligible entities, as may be notified from time to time , on the basis of the competitive merits of proposals received in this regard for the following purposes which inter alia includes:- 1. [...]
[...] As may be observed from the application, it has basically two parts---first part is in the nature of a Performa having about 30 points against which information is sought in regard to the manufacturing unit manufacturing export product. This Performa also incorporates a declaration by the applicant for the truth of the contents of the application, and the attached statements, and an undertaking that if there are any changes in the information furnished in the Performa and the statement the same would be duly intimated and that the applicant agrees to any consequential change in the drawback tares with effect from the date of change in the drawback rate is allowed. [...]
[...] However, the exporter should review each case of shipment after export has taken place and if the fright borne by him is higher than the one declared in the shipping bill, he would immediately on his own pay back to the Customs the excess amount of drawback claimed/ received or any other export incentives claimed thereon. Any mis-declaration of freight of the freight paid of payable which results in loss of revenue by way of excess drawback payment, is liable to be proceeded against under the Customs Act Commissioner of Customs also should ensure that a regular test check of 10- of the claims cleared on the actual/ declared standard freight schedule basis (with suitable undertaking) is carried out so as to verify the correctness of the declaration of freight by the exporter and taking appropriate action against exporters who are found to have mis-declared the freight element to claim higher drawback. [...]
[...] Export Incentives in BHEL EXPORT INCENTIVES IN BHEL The deemed exports are eligible for any / all of the following benefits in respect of manufacture and the supply of goods. Advance Licence for DEEMED export (DEEC): Licence is issued for items to be imported for the manufacture of the deemed export order. This license is backed with duty exemption certificate which allows the manufacturee to import the goods without payment of customs duty. Deemed Exports Drawback If Customs Duty is paid for importing any inputs mentioned in the DEEC/license due to reasons like non- availability of the license in time or for any other reason, the customs duty paid can be claimed at the end of the project under the duty draw back scheme. [...]
[...] Have you furnished details regarding procurement of indigenous inputs that are identical to imported inputs and the ratio of their utilization in the export product, if such indigenous goods are being used in the manufacturing of the export item? For Simplified Scheme 1. Have you enclosed copies of all duty paying documents and related invoices (Bill of Entries for home consumption, ex-bond Bill of Entries, Gate passes/ Supplementary Gate passes etc.) referred to in DBK-II A & II III III 2. [...]
APA Style reference
For your bibliographyOnline reading
with our online readerContent validated
by our reading committee
