SERVED FROM INDIA SCHEME (SFIS)


Objective

Objective is to accelerate growth in export of services so as to create a powerful and unique ‘Served From India’ brand, instantly recognized and respected world over.

Eligibility – All Indian Service Providers, of services listed in Appendix 1 0 of HBPv1, who have free foreign exchange earning of at least Rs. 10 Lakhs in preceding financial year / current financial year shall qualify for Duty Credit Scrip.

For Individual Indian Service Providers, minimum free foreign exchange earnings would be Rs 5 Lakhs


SERVICES EXPORTS

Services Exports 3.11 .1 Services include all 1 61 tradable services covered under General Agreement on Trade in Services (GATS) where payment for such services is received in free foreign exchange. A list of services is given in Appendix 10 of HBPv1.

All provisions of this Policy shall apply mutatis mutandis to export of services as they apply to goods.


VISHESH KRISHI AND GRAM UDYOG YOJANA (VKGUY) (SPECIAL AGRICULTURE AND VILLAGE INDUSTRY SCHEME)

Objective Objective of VKGUY is to promote exports of :

(i) Agricultural Produce and their value added products;
(ii) Minor Forest Produce and their value added variants;
(iii) Gram Udyog Products;
(iv) Forest Based Products; and
(v) Other Products, as notified from time to time. Such products shall be listed in Appendix 3.7A of HBPv1.


FOCUS MARKET SCHEME (FMS)

Objective Objective is to offset high freight cost and other externalities to select international markets with a view to enhance India’s export competitiveness in these countries.

Entitlement Exporters of all products to notified countries (as in Appendix 3 7C of HBPv1) shall be entitled for Duty Credit Scrip equivalent to 3 % of FOB value of exports (in free foreign exchange) for exports made from 2 7.8.2009 onwards.


FOCUS PRODUCT SCHEME (FPS)

Objective Objective is to incentivise export of such products which have high export intensity / employment potential, so as to offset infrastructure inefficiencies and other associated costs involved in marketing of these products.

Entitlement Exports of notified products (as in Appendix 37D of HBPv1) to all countries (including SEZ units) shall be entitled for Duty Credit scrip equivalent to 2 % of FOB value of exports (in free foreign exchange) for exports made from 27.8.2009 onwards. However, Special Focus Product(s) /sector(s), covered under Table 2 and Table 5 of Appendix 3 7D, shall be granted Duty Credit Scrip equivalent to 5 % of FOB value of exports (in free foreign exchange) for exports made from 27.8.2009 onwards.


Market Linked Focus Products Scrip (MLFPS): Export of Products/Sectors of high export intensity/

employment potential (which are not covered under present FPS List) would be incentivized at 2 % of FOB value of exports (in free foreign exchange) under FPS when exported to the Linked Markets (countries), which are not covered in the present FMS list, as notified in Appendix 37D of HBPv1, for exports made from 27.8.2009 onwards.


Status Holders Incentive Scrip

With an objective to promote investment in upgradation of technology of some specified sectors as listed in Para 3.16.4 below, Status Holders shall be entitled to incentive scrip @1% of FOB value of exports made during 2009-10 and during 2010-11, of these specified sectors, in the form of duty credit. This shall be over and above any duty credit scrip claimed/availed under this chapter.


Duty Exemption and Remission Schemes

Duty exemption schemes enable duty free import of inputs

required for export production.

Duty Exemption Schemes consist of

(a) Advance Authorisation scheme and
(b) Duty Free Import Authorisation (DFIA) scheme.

A Duty Remission Scheme enables post export replenishment / remission of duty on inputs used in export product.

Duty Remission Schemes consist of
(a) Duty Entitlement Passbook (DEPB) Scheme and
(b) Duty Drawback (DBK) Scheme.