RCA

New Products under Focus Product Scheme (FPS):

As part of the schemes providing incentives to exporters, more than 100 new products have been added under the FPS which includes Engineering, Rubber, Chemicals and Plastic products, amongst others. The same are eligible for duty credit scrip of 2% of the Free on Board (FOB) value of exports to all markets.

More than 100 new products have been given a higher benefit of duty credit scrip upto 5% of the FOB value of exports under special FPS on exports to all markets. The major products include bicycles and non-motorised cycles, staplers and parts thereto, sewing machines and parts thereto, liquid pumps, hand tools, parts of agriculture and horticulture machinery.

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
1. Public Notice No. 31/2009-14 dated January 12, 2010
2. Public Notice No. 30/2009-14 dated January 12, 2010