Focus Market Scheme (FMS)

Exporters of all products to notified countries shall be entitled for Duty Credit Scrip equivalent to 3% of FOB value of exports (in free foreign exchange) for exports made from 27.8.2009 onwards, unless a specific date of export / period is specified by public notice / notification. The following categories of export products / sectors shall be ineligible for Duty Credit Scrip, under FMS scheme:

• Supplies made to SEZ units;
• Service Exports;
• Diamonds and other precious, semi precious stones;
• Gold, silver, platinum and other precious metals in any form, including plain and studded Jewellery;
• Ores and Concentrates, of all types and in all forms;
• Cereals, of all types;
• Sugar, of all types and in all forms;
• Crude / Petroleum Oil & Crude / Petroleum based Products of all types and in all forms
• Export of Milk and Milk Products.

Focus Product Scheme(FPS)

Exports of notified products to all countries (including SEZ units) shall be entitled for Duty Credit scrip equivalent to 2% of FOB value of exports (in free foreign exchange) for exports made from 27.8.2009 onwards, unless a specific date of export / period is specified by public notice / notification.

However, Special Focus Product(s) /sector(s) shall be granted Duty Credit Scrip equivalent to 5% of FOB value of exports (in free foreign exchange) for exports made from 27.8.2009 onwards, unless a specific date of export / period is specified by public notice / notification.

Further, Focus Product(s) / sector(s) that are notified shall be granted additional Duty Credit Scrip equivalent to 2% of FOB value of exports (in free foreign exchange) over and above the existing rate for that product / sector from the admissible date of export / period specified in the public notice issued to notify the product / sector.

Why choose us

• Complete expertise in required documentation and filing of Applications
• Speedy Issuance from DGFT
• Immediate Registration at Customs
• Sale/ Purchase at the most competitive prices

STATUS HOLDER INCEDNTIVES SCRIPT

WHAT IS SHIS (Status Holder Incentives Scrip)?

SHIS was designed with intent to promote investment in up-gradation of technology for specified sectors such as leather, textiles, engineering, etc. without the requirement of fulfilment of export obligations.

SHIS scrip was originally issued on actual user condition and not freely transferable. However, the Government has recently permitted transfer of the Duty Scrip to other Status Holder subject to specified conditions.

Status holder shall be entitled to duty credit scrip @ 1% of FOB value of exports done in the specified previous and current financial years. The FOB value of exports could also include up to 12.5% of foreign agency commission for computation of Duty Credit Scrip benefit.

The SHIS scrip can be used for import of capital goods as defined in the FTP.

SHIS scrip can also be used for payment of duties related to import of spares or component of capital goods which were imported earlier. In such cases, utilisation of duty scrip is restricted to the extent of 10% of value of SHIS scrip.

Incentives or Benefits available

By virtue of Customs Notification 104/2009-Cus dated September 14, 2009 Duty Scrip may be used for payment of following duties on import of capital goods by debiting the Duty Scrip at the time of clearance of imported goods or clearance of domestic capital goods.

On Import of Capital Goods:

• Basic Custom Duty
• Countervailing Duty
• Special Additional Duty

Scrip holder may utilise duty scrip for payment of Excise Duty on Indigenous procurement of capital good.

Further, by virtue of Excise notification 33/2012 CE dated July 9, 2012 the Duty Scrip can also be used for payment of Central Excise duty on domestic purchases of Capital Goods by debiting the Duty Scrip.

Availability of CENVAT Credit:

• Cenvat Credit Rules 2004 permits that a manufacturer would be eligible to take credit of the Customs duties paid under Section 3 of the Customs Tariff Act on import of Capital goods brought into the factory.
• Para 3.17.6 of FTP 2009-14 specifies that duties under Section 3 of the Customs Tariff Act paid through utilisation of SHIS scrip shall be adjusted as CENVAT Credit or Duty drawback. Thus, an importer shall be entitled to avail Cenvat Credit or duty drawback of CVD and SAD debited through Duty Scrip.

Who can use SHIS Licences?

This Licence can only be utilized by a:

• Status Holder who is
• Importing Capital Goods and
• Is also a manufacturer

Advance Authorisation

An Advance Authorisation is issued to allow duty free import of inputs. Advance Authorisations are issued for inputs and export items given under SION.

Advance Authorisation can be issued either to a manufacturer exporter or Merchant exporter tied to supporting manufacturer. Advance Authorisation can also be availed by sub-contractor to such project provided name of sub contractor(s) appears in main contract.

Advance Authorisation are exempted from payment of basic customs duty, education cess, anti- dumping duty and safeguard duty, Advance Authorisation and / or materials imported there under will be with actual user condition. It will not be transferable even after completion of export obligation.

We Assist in

• Issuance of fresh Advance Licence
• Redemption of Advance Licence
• Extension of Export Obligation period and other related matters

EPCG

EPCG scheme allows import of capital goods for pre-production, production and post production (including CKD/SKD thereof as well as computer software systems) at zero Customs duty, subject to an export obligation equivalent to 6 times of duty saved on capital goods imported under EPCG scheme, to be fulfilled in 6 years reckoned from Authorization issue-date.

Concessional 3% Duty EPCG Scheme

Concessional 3% duty EPCG scheme allows import of capital goods for pre-production, production and post production (including CKD/SKD thereof as well as computer software systems) at 3% Customs duty, subject to an export obligation equivalent to 8 times of duty saved on capital goods imported under EPCG scheme, to be fulfilled in 8 years reckoned from Authorization issue-date.

.

In case of	Customs Duty Applicable	Export Obligation to be fulfilled equivalent to XXX times on duty saved on Capital Goods Imported	Export Obligation completion period	Other Remarks
Agro Units/ Units in Cottage or Tiny Sector	3%	6 times	12 years	-
SSI Units	3%	6 times	8 years	Landed CIF Value <= Rs. 50 Lacs and T.I. in P&M < SSI Limit
Duty Saved is Rs. 100 CR. or more	-	-	12 years	-

We Assist in

• Issuance of fresh EPCG Licence
• Redemption
• Extension of Export Obligation period
• Conversion
• Clubbing

DUTY CREDIT SCRIPT

Rishabh Triexim will work with you to get duty free scrip. Duty Scrip offers credit benefit on imports upto 5%

Duty scrip benefits are granted with aim to save duty for exporter for there duty free raw material and also it is freely transferable script. The scrip and the items imported against it would be freely transferable for any importer

The Duty Credit may be used for import of inputs or goods including capital goods, provided the same is freely importable under FTP

If you would like to avail the Duty free scrip licence, you can contact us.

MEIS – Merchandise Export from India Scheme:

Under the MEIS Scheme, certain rewards and incentives are given to exporters. Such incentives are given to exporters at a specified rate which varies from product to product and from country to country.

The percentage of rewards varies from product to product and are in the range of 2% to 5% for most items. The incentives are given at a specified rate on the FOB value.

Service Exports from India Scheme (SEIS):

Service Exports from India Scheme (SEIS) aims to promote export of services from India by providing duty scrip credit for eligible exports.

Under the scheme, service providers, located in India, would be rewarded under the SEIS scheme, for all eligible export of services from India.