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ANNUAL SUPPLEMENT TO FOREIGN TRADE POLICY–HIGHLIGHTS
Date : 11 Apr 2008
Location : New Delhi
DEPB SCHEME EXTENDED TILL MAY 2009
INCOME TAX BENEFIT TO 100% EOUs UNDER SECTION 10-B OF IT ACT BEING EXTENDED FOR ONE YEAR BEYOND 31ST MARCH 2009
NEW EXPORT PROMOTION COUNCIL FOR TELECOM SECTOR
5% ADDITIONAL DUTY CREDIT FOR EXPORT OF TOYS AND SPORTS GOODS
ADDITIONAL DUTY CREDIT OF 2.5% FOR EXPORT UNDER VKGUY
RELIEF TO SECTOR AFFECTED BY RUPEE APPRECIATION – INTEREST SUBVENTION EXTENDED BY ONE YEAR – REDUCED AVERAGE EXPORT OBLIGATION UNDER EPCG
IT HARD WARE SECTOR TO BE TREATED AS SPECIAL FOCUS INITIATIVE
ENHANCED DUTY CREDIT OF 2.5% FOR EXPORT OF SPECIFIED HIGH VALUE-ADDED MANUFACTURED PRODUCTS
EPCG SCHEME – CUSTOMS DUTY REDUCED FROM 5 TO 3%
AVERAGE EXPORT OBLIGATION FOR PREMIER TRADING HOUSES TO BE CALCULATED BASED ON LAST 5 YEARS AVERAGE
SUDAN, GHANA, COLUMBIA AMONG 10 COUNTRIES ADDED IN FOCUS MARKET SCHEME
FACILITY OF EXPORT ON CONSIGNMENT BASIS EXTENDED TO COLOURED GEMSTONES
SURAT HIRA BOURSE RECOGNISED AS PORT OF EXPORT FOR JEWELLERY
ADDITIONAL PORTS INCLUDED UNDER EXPORT PROMOTION SCHEMES
SEVERAL MEASURES TO REDUCE TRANSACTION COSTS – EPCG SCHEME TO BE EDI ENABLED
PROCEDURAL SIMPLIFICATIONS ANNOUNCED – EOUs ALLOWED TO PAY EXCISE DUTY ON MONTHLY BASIS
TIME PERIOD OF REIMPORT OF BRANDED JEWELLERY EXTENDED TO ONE YEAR AND VALUE OF JEWELLERY PARCELS RAISED TO US $ 75,000
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RJ/SS/MG/MRS
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