FOREIGN TRADE POLICY 2015-20, VKGUY

 

The information provided here is part of Import Export course online


Schemes difference between Foreign Trade Policy 2015-20 and previous 2009-14

 

Update: 01st  April 2015 – Click here to read Foreign Trade Policy of India 2015-20 (FTP 2015-20)  Foreign Trade Policy 2015-20.pdf

 

 


Risks and solutions in Import Export business

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How to export goods from India?

High sea sales procedures and formalities

Types of export containers and dimensions

When does exporter get EP copy of shipping bill after customs clearance

Indian customs duty, excise duty and service tax changes as per Budget 2015-16

 

Vishesh Krishi and Gram Uduog Yojana, VKGUY – Any amendments in Foreign Trade Policy 2015-20?


Click here to read – FOREIGN TRADE POLICY 2009-14

 

The new Foreign Trade Policy 2015-20 is  being declared on 1st April, 2015.


 

ftp agri editedAny amendments or changes in the scheme VKGUY in new Foreign Trade Policy 2015-20? The VKGUY scheme is operationalized in September, 2009. This scheme is also known as Special Agriculture and Village Industry Scheme to promote exports of specified agriculture products, gram udyog products and forest based products.

 

What are the present benefits under VKGUY as per Foreign Trade Policy?

 

A duty credit scrips of 5% on FOB value of exports in foreign exchange is granted under scheme for exporters. However, if an exporter also avail other benefits like draw back,DEPB,AAS, etc., the rate of duty credit scrips are reduced to 3% as specified in Foreign Trade Policy.

 

 

Specified agricultural products exporters under Para 3.10.2 of present Foreign Trade Policy 2009-14 as status holders are entitle to AIIS scheme equal to 10% of FOB value of agriculture exports including VKGUY benefits. The capital goods of Cold storage units, pack houses including facilities for handling, grading, sorting and packaging

 

Etc., Reefer Van/containers and other capital goods and equipment  also are permitted to import under AIIS. Are there any amendments or changes in present VKGUY scheme in new Foreign Trade Policy 2015-20 ? I will update, once Foreign Trade Policy 2015-20 launched.

 

As per Foreign Trade Policy, the goods imported under AIIS are subject to actual user condition in turn non transferable. But the crips are transferable to status holders as well as to units in Food Parks for Import of Cold chain equipment except developers.

 

Let us wait to hear from the Ministry to release Foreign Trade Policy 2015-20 to know about the shape of VKGUY based on the suggestions and recommendations of the trade.

 

Would you like to share your thoughts about VKGUY under Foreign Trade Policy? Do you wish to comment about VKGUY scheme introduced as per Foreign Trade Policy?

 

FTP agricultureShare below your experience in availing benefit under VKGUY scheme with your suggestions.

 

Comment below your thoughts about this article - FOREIGN TRADE POLICY 2015-20– VKGUY.


 


The above information is a part of Online Export Import course 


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Click here to go back to INDIAN BUDGET 2014-2014 highlights
Excise and Customs - Click here to read complete notification under Budget 2014
Service Tax - Click here to read complete notification under Budget 2014
Bank finance to exporters as pre shipment finance
What is crystallization of export bills? How does delinking of export bills work?
Liquidation of Bank pre shipment finance to exporters
Running account facilities for bank export finance
Pre shipment bank finance to suppliers for exports through other agencies
Conditions to get export loans from banks to sub suppliers
Are construction projects eligible for Bank pre shipment loan?
Bank Packing credit to exporters of Floriculture, Grapes and Other Agro-based Products
What is Bank post shipment credit to exporters?
Period of post shipment credit by bank to exporters

Types of export containers
Measurement of export containers
Export Import Policy of India 2015-20
MEIS, Merchandise Exports from India Scheme
SEIS, Service Exports from India Scheme
Merge your Commercial Invoice and Packing List for all your future exports
Export procedures and documentation

 

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Re-registration of GST, Goods and Service Tax.

Cancellation of registration of GST

 

GST exemptions for SME

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GST council meet decision as on 06th October, 2017

Minimized GST rate on Biomass briquettes

Reduced GST rate on Parts of power driven pumps designed for water handling

Reduced GST rate on Parts suitable for Speed Diesel Engines of power not exceeding 15HP

Minimized GST rate on Real Zari

Minimized GST rate on Sewing thread of manmade staple fibres

Reduced GST rate on All synthetic filament yarn, such as nylon, polyester, acrylic, etc.

Reduced GST rate on Sewing thread of manmade filaments, whether or not put up for retail sale

Minimized GST rate on Duty credit scrips

 


Comments


Mandeep Katariya: Dear Sir, I am exporter of Glucose Biscuits & Cream Biscuits. Product HS Code 19053100. How can I find out that, my products is under VKGUY or not? Thanks Mandeep

Tejas Bavarava: respected sir, i want to get information that how much i will get duty drawback of edible salt if i export it in south african country? waiting for your reply Thanking You....!!!

tilak chand katoch: Manufacturer & exporter of biscuits. what benefits available and how much under VKGUY.

Mahalakshmi: Dear sir, Your articles are very useful. I started our export company in the year 2011. Since then I am working hard to get an order but I couldn't. I don't know how to proceed. Could you please guide me. Thanking you

S.Mahalingam: We are exporter of Herbs and Dried Plants. Kindly advise the present VKGUY procedures in the current EXIM policy 2015-2020 to enable us to claim the applicable benefits. Kindly oblige.

S.Mahalingam: We are exporter of Herbs and Dried Plants. Kindly advise the present VKGUY procedures in the current EXIM policy 2015-2020 to enable us to claim the applicable benefits. Kindly oblige.

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