| New Incentives for Exporters |
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New Products & Markets under Market Linked Focus Product Scheme (MLFPS): China and Japan have been introduced as two major markets that qualify for benefits under the MLFPS. Additionally, more than 1800 new products have been added under the MLFPS. The same are eligible for duty credit scrip at 2% of FOB value of exports to specified markets. The major products that have been added include machine tools, earth moving equipments, steel tubes, auto components, three wheelers and cotton woven fabrics. New Products under Vishesh Krishi and Gram Udyog Yojana (VKGUY): Coconut Oil Cake and Oil Meal, Unworked Coconut Shells and Sesame seed have been included under VKGUY scheme. These products are eligible for benefits at 5% of FOB value of exports to all markets. Source |
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