Under
this scheme, Duty Credit Scrip benefits are granted with an aim to compensate
high transport costs and to offset other disadvantages to promote exports of
agricultural produce, minor forest produce etc.
The
duty credit scrip is a pass that allows the holder to import commodities by not
paying a specified amount in import duties and the scrip can also be traded in
the market.
Exporters
are given this duty exemption scrips pegged at a certain percentage of the
total value of their exports.
Focus
Market Scheme
It
aims to increase the competitiveness of exports to global markets by reducing
freight cost and other duties.
The
exporters will get duty credit scrip as an economic incentive.
It
is available only for the export of goods and not for services and only for
specified markets.
Focus
Product Scheme
Focus
Product Scheme incentivizes export of such products which have high export
intensity / employment potential, in order to offset infrastructure
inefficiencies and other associated costs involved in marketing of these
products.
Served
from India Scheme
Served
from India Scheme helps to accelerate growth in export of services.
All
Indian Service Providers who have free foreign exchange earning of at least Rs.
10 Lakhs and individual Indian
Service providers with minimum foreign exchange earnings of Rs. 5 lakh in
preceding financial year / current financial year shall qualify for Duty Credit Scrip.
The
Duty Credit Scrip will be equivalent to 10%
of foreign exchange earned during current financial year.