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SUBSIDY SCHEME FOR PEPPER EXPORTS ANNOUNCED
Date : 27 Oct 2005
Location : New Delhi
The Government today announced a scheme for grant of WTO-compatible subsidy on exports of pepper from India at the rate of Rs.5.00 per kg (or the actual cost incurred, whichever is less) for international freight and Rs.2.00 per kg for internal transport. The subsidy will be permitted for the export of a maximum of 20,000 metric tonnes of pepper. The subsidy will be provided to exporters on a first-come-first-served basis. This will be strictly a one-time measure and the scheme will end on 31 March 2006. The scheme is intended to give boost to pepper exports and help growers to get remunerative returns, Shri Kamal Nath, Union Minister of Commerce & Industry, said.
The subsidy will also cover value-added products of pepper provided value addition is done exclusively from domestically produced pepper. Value added products obtained from imported pepper will not be eligible for subsidy. Export Oriented Units (EOUs) and units under the Special Economic Zones (SEZs) will also not be eligible for the subsidy.
The scheme will be implemented by the Spices Board, which is being directed to work out the modalities for implementation of the scheme.
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