| (i) |
Agriculture |
| |
(a) |
A new scheme called the Vishesh
Krishi Upaj Yojana (Special Agricultural Produce Scheme) for
promoting the export of fruits, vegetables, flowers, minor forest
produce, and their value added products has been introduced
(Para 3.8). |
| |
(b) |
Funds shall be earmarked under
ASIDE for development of Agri Export Zones (AEZ) |
| |
(c) |
Import of capital goods shall be
permitted duty free under the EPCG Scheme |
| |
(d) |
Units in AEZ shall be exempt from
Bank Guarantee under the EPCG Scheme. |
| |
(e) |
Capital goods imported under EPCG
shall be permitted to be installed anywhere in the AEZ.
|
| |
(f) |
Import of restricted items, such
as panels, shall be allowed under the various export promotion
schemes . |
| |
(g) |
Import of inputs such as pesticides
shall be permitted under the Advance Licence for agro exports.
|
| |
(h) |
New towns of export excellence
with a threshold limit of Rs 250 crore shall be notified.
|
| |
|
|
| (ii) |
Handlooms : |
| |
(a) |
Specific funds would be earmarked
under MAI/ MDA Scheme for promoting handloom exports |
| |
(b) |
Duty free import entitlement of
specified trimmings and embellishments shall be 5% of FOB value
of exports during the previous financial year. |
| |
(c) |
Duty free import entitlement of
hand knotted carpet samples shall be 1% of FOB value of exports
during the previous financial year. |
| |
(d) |
Duty free import of old pieces
of hand knotted carpets on consignment basis for re-export after
repair shall be permitted. |
| |
(e) |
New towns of export excellence
with a threshold limit of Rs 250 crore shall be notified.
|
| (iii) |
Handicrafts: |
| |
(a) |
New Handicraft SEZs shall be established
which would procure products from the cottage sector and do
the finishing for exports |
| |
(b) |
Duty free import entitlement of
trimmings and embellishments shall be 5% of the FOB value of
exports during the previous financial year. The entitlement
is broad banded, and shall extend also to merchant exporters
tied up with supporting manufacturers. |
| |
(c) |
The Handicraft Export Promotion
Council shall be authorized to import trimmings, embellishments
and consumables on behalf of those exporters for whom
directly importing may not be viable. |
| |
(d) |
Specific funds would be earmarked
under MAI & MDA Schemes for promoting Handicraft exports.
|
| |
(e) |
CVD is exempted on duty free import
of trimmings, embellishments and consumables. |
| |
(f) |
New towns of export excellence
with a reduced threshold limit of Rs 250 crore shall be notified.
|
| |
|
| (iv) |
Gems & Jewellery
|
| |
(a) |
Import of gold of 18 carat and
above shall be allowed under the replenishment scheme |
| |
(b) |
Duty free import entitlement of
consumables for metals other than Gold, Platinum shall be 2%
of FOB value of exports during the previous financial year.
|
| |
(c) |
Duty free import entitlement of
commercial samples shall be Rs 100,000. |
| |
(d) |
Duty free re-import entitlement
for rejected jewellery shall be 2% of the FOB value of exports
|
| |
(e) |
Cutting and polishing of gems and
jewellery, shall be treated as manufacturing for the purposes
of exemption under Section 10A of the Income Tax Act |
| (v) |
Leather and Footwear
|
| |
(a) |
Duty free import entitlement of
specified items shall be 5% of FOB value of exports during the
preceding financial year. |
| |
(b) |
The duty free entitlement for the
import of trimmings, embellishments and footwear components
for footwear (leather as well as synthetic), gloves, travel
bags and handbags shall be 3% of FOB value of exports of the
previous financial year. The entitlement shall also cover packing
material, such as printed and non printed shoeboxes, small cartons
made of wood, tin or plastic materials for packing
footwear . |
| |
(c) |
Machinery and equipment for Effluent
Treatment Plants shall be exempt from basic customs duty.
|
| |
(d) |
Re-export of unsuitable imported
materials such as raw hides & skins and wet blue leathers
is permitted. |
| |
(e) |
CVD is exempted on lining and interlining
material notified at S.No 168 of Customs Notification No 21/2002
dated 01.03.2002. |
| |
(f) |
CVD is exempted on raw, tanned
and dressed fur skins falling under Chapter 43 of ITC(HS).
|
