Status Reward scheme and Foreign Trade Policy

 The information provided here is part of Import Export online Training


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

 

 

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Status Holders Incentives Scrip (SHIS) under Foreign Trade Policy of India

 

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

Foreign Trade Policy FTP 2014-19The SHIS reward scheme under Foreign Trade Policy is operationalized with effect from 14th September,2009  with an objective   to promote investment in up gradation of technology of some specified sectors.  The Status Holders of specified sectors are entitled for an extra scrip called SHIS  at 1% of the of FOB value of exports of those products/sectors made during 2009-10, 2010-11 and 2011-12 and 2012-13.   This benefit reward scheme under Foreign Trade Policy shall be over and above any duty credit scrip claimed/availed under the chapter  of this reward scheme of Foreign Trade Policy.


The SHIS scheme under Foreign Trade Policy is not issued to the exporters in a particular year if they have in that year  availed the benefits of Technology Up gradation Fund Scheme (TUFS) or/and have  got zero percent EPCG Authorization.


The SHIS scheme under Foreign Trade Policy shall be with Actual User Condition and shall be used for imports of capital goods  as described in Foreign Trade Policy relating to the sectors  of Leather Sector (excluding finished leather),Textiles and Jute Sector,Handicrafts,Engineering Sector (excluding Iron & Steel, Nonferrous Metals in primary or intermediate forms,Automobiles & two wheelers, nuclear reactors parts and Ships, Boats and Floating Structures, Plastics, and Basic Chemicals excluding Pharmaceutical  Products.

What would be the changes in SHIS scheme in new Foreign Trade Policy 2015-20?

    

 

 

The above information is a part of Export Import Training course online


Comment below your thoughts about SHIS scheme under Foreign Trade Policy.

 

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Comments


Bhagat Singh: As per my opinion reward scheme must be continue with actual user condition and it should not be transferable.

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