Government Schemes for Export of Goods

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    Government Schemes for Export of Goods

    The Indian government has started some amazing schemes to support every business sector in India. If you export goods from India, then you must know about these schemes by now. They will help you get a lot of benefits as the business owner. Who doesn’t like to ease out some parts of the business? To fill the needs of exporters the government has launched some amazing schemes for the export of goods.

    MEIS Scheme

    The term MEIS stands for Merchandise Exports from India Scheme. The scheme offers an incentive of 2% – 5% on the FOB products to export. The benefit of this scheme can be achieved by both the manufacturer exporter and the merchant exporter.

    SEIS Scheme

    If you have the active Import-Export Code and have the minimum earning of Net foreign exchange of 15000USD, then you can get benefit from this scheme. It offers a 3% – 7% incentive to the Net Foreign exchange earnings. Well, the benefits from this scheme can be achieved by notified services of exports from India.

    AAS or the Advance Authorisation Scheme

    This scheme provides the benefit of duty-free import of raw materials. If the future manufactured products are exported, then the raw material of such products can be imported duty-free.

    DFIA Scheme

    Duty-Free Import Authorisation Scheme or DFIA Scheme benefits duty-free import after some products have been exported. It is best for businesses who need to export and import for the business.

    Duty Drawback scheme

    This scheme offers the return of duty or customs fee you paid to import the raw material for the exported goods. If you have already paid the duty and customs fees to import raw materials, which will be used to manufacture products to export, you can get the refund of that import duty and customs fee.

    RoSCTL Scheme

    This scheme is for Rebate on state and central taxes and levies. This scheme is especially for the apparel and made-up industry. You can get a refund of state and central taxes and levies on electricity duty, mandi tax, captive power, transportation fuel etc., mainly the VAT is refunded to you.

    EPCG Scheme

    The Export Promote Capital Goods Scheme or the EPCG Scheme offers a complete exemption of duty fees for Manufacturer exporter and merchant exporter supported by another manufacturer. No duty fees have to be paid for pre-production, production, post-production export.

    EOU Scheme

    This scheme is designed to provide a comfortable ecosystem for regular exporters. The ecosystem makes the entire process a lot easier and better to work.

    TMA Scheme

    Transport and Marketing Assistance scheme offers the reimbursement of freight cost for the Indian Agriculture products. But, well, the reimbursement amount is limited, which also depends from business to business.
    To know more about the schemes mentioned above for exporting goods, you can contact us and talk to our executives. However, more schemes can benefit you. To know about those schemes, book a consultation and find the most beneficial schemes for your business.