9911796707
TMI BlogExport Promotion SchemeX X X X Extracts X X X X X X X X Extracts X X X X ..... Export Promotion Scheme X X X X Extracts X X X X X X X X Extracts X X X X ..... ing and certification labs, cold chains, trade promotion centres, dry ports, export warehousing and packaging, SEZs and ports/airports cargo terminuses. The Scheme guidelines are available at http://commerce.gov.in. Under the TIES Scheme, a total of 28 export infrastructure projects have been provided financial assistance during FY 2017-18, 2018-19 and 2019-20 (as on 1st July, 2019). The state-wise and Year-wise details of projects, located in various States/UTs, is given at Annexure-I. The Government of India strives to ensure a continuous dialogue with the State Governments and Union Territories on measures for promoting exports and for providing an international trade enabling environment in the States, and to create a framework for ma ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... king the States active partners in boosting exports from India. Under the Foreign Trade Policy (FTP), DGFT operates various Export promotion schemes such as Advance Authorization, Duty Free Import Authorization, Export Promotion of Capital Goods, Merchandise Exports from India Scheme (MEIS) and Services Exports from India Scheme (SEIS). To give effect to these schemes, Central Board of Indirect Taxes and Customs has issued various exemption notifications. The details of various exemptions provided for these schemes are given in the FTP. MEIS was introduced in the FTP from 01.04.2015, providing rewards for exporters of specified goods. The objective of the MEIS is to offset infrastructural inefficiencies and associated costs involved in ex ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... porting goods/products which are produced/manufactured in India. The scheme incentivizes exporters in terms of Duty Credit Scrips at the rate of 2, 3, 4, 5, 7 % of FOB Value of exports realized. These scrips are transferable and can be used to pay certain Central Duties/taxes including Customs Duties. As regards promotion of trade in services, Government of India provides fiscal benefits through Services Exports from India Scheme (SEIS) for some identified sectors. Government of India is following a multi-pronged strategy, including negotiating meaningful market access through multilateral, regional and bilateral trade agreements, trade promotion through participation in international fairs/exhibitions and focused strategies for specific m ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... arkets and sectors to promote Trade in Services. An 'Action Plan for Champion Sectors in Services' has also been approved in February, 2018 to give focused attention to 12 Champion Services Sector like Information Technology / Information Technology Enabled Services, Tourism and Hospitality Services and Medical value Travel. The Agriculture Export Policy was launched in 2018 to harness export potential of Indian agriculture, through suitable policy instruments, to make India global power in agriculture and raise farmers' income. This comprehensive "Agriculture Export Policy" aims to increase agricultural exports by integrating Indian farmers and agricultural products with the global value chains. Section 10AA of the Income-tax Act, 1961 p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rovides for deduction of profits and gains derived from the export of articles or things or from services in respect of newly established Units in Special Economic Zones. Such deduction is allowed to an entrepreneur as referred to in clause (j) of section 2 of the Special Economic Zones Act, 2005, from his Unit, who begins to manufacture or produce articles or things or provide any services during the previous year relevant to any assessment year commencing on or after the 1st day of April, 2006, but before the first day of April, 2021. The deduction is allowed as under: hundred per cent of profits and gains derived from the export, of such articles or things or from services for a period of five consecutive assessment years beginning with ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the assessment year relevant to the previous year in which the Unit begins to manufacture or produce such articles or things or provide services, as the case may be, and fifty per cent of such profits and gains for further five assessment years and thereafter. For the next five consecutive assessment years, so much of the amount not exceeding fifty per cent of the profit as is debited to the profit and loss account of the previous year in respect of which the deduction is to be allowed and credited to a reserve account (to be called the "Special Economic Zone Re-Investment Reserve Account") to be created and utilized for the purposes of the business of the assesse in the manner laid down. Annexure-I Details of projects approv ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed under TIES [FY 17-18 to FY 19-20 (till 01.07.2019)] S.No. Name of State/UT Year Number of new projects approved TIES fund released (in Rs.Cr.) 1 Karnataka 2017-18 3 5.85 2018-19 0 2.85* 2019-20 0 0 Total 3 8.7 2 Kerala 2017-18 1 6.5 2018-19 0 6.5* 2019-20 0 0 Total 1 13 3 Manipur 2017-18 1 6 2018-19 1 5.83 2019-20 0 0 Total 2 11.83 4 Andhra Pradesh 2017-18 2 8.15 2018-19 0 26.01* 2019-20 0 1.99* Total 2 36.15 5 Tamil Nadu 2017-18 2 14.78 2018-19 4 15.65 2019-20 3 6.56 Total 9 36.99 6 Madhya Pradesh 2017-18 2 25.71 2018-19 0 0 2019-20 0 0 Total 2 25.71 7 Uttar Pradesh 2017-18 1 1.07 2018-19 0 0 2019-20 0 0 Total 1 1.07 8 Maharashtra 2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 017-18 1 1.52 2018-19 0 0 2019-20 0 0 Total 1 1.52 9 Tripura 2017-18 1 6.15 2018-19 0 0 2019-20 0 0 Total 1 6.15 10 West Bengal 2017-18 1 4.27 2018-19 0 2.56* 2019-20 0 0 Total 1 6.83 11 Delhi 2017-18 0 0 2018-19 1 8 2019-20 0 0 Total 1 8 12 Rajasthan 2017-18 0 0 2018-19 2 3.06 2019-20 0 0 Total 2 3.06 13 Chandigarh 2017-18 0 0 2018-19 1 2.81 2019-20 0 0 Total 1 2.81 14 Assam 2017-18 0 0 2018-19 0 0 2019-20 1 3.95** Total 1 3.95** GRAND TOTAL 28 165.77 * Includes disbursement of subsequent installments for a previously sanctioned project **Funds yet to be disbursed This information was given by the Minister of State in the Ministry of Commer ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ce and Industry, Hardeep Singh Puriin a written reply in the Lok Sabha today.
***
MM/SB X X X X Extracts X X X X X X X X Extracts X X X X
|
