Does export incentives and benefits affect GST mechanism?


GST and Foreign Trade Policy of India.

Does export incentives and benefits affect GST mechanismDo any changes expect on export benefits, exemptions and incentives in India?

At present different exemptions are allowed on import duties with various notifications, some time with multiple. The importers are awaited eagerly to watch whether IGST exemption is allowed or treating as a refunding mechanism.

Various government export promotion schemes and incentives like Duty Drawback, brand rate, SEIS, MEIS, EPCG, Advance authorization, EOU, STP etc. are effected with introduction of IGST on imports. The government may rework on the rates and exemptions on such schemes after IGST come into force. In other words, partial exemption or total exemption of IGST on certain imports may affect the mechanism of present rate of Duty draw back system and other export incentives and export schemes in India.

As per present economic status of India, the economists and policy makers need to wait and watch the effect of introduction of GST system in India to act up on correction and modification on GST system. Such amendments and modification on rates are required for India’s economic stability also.


Click here to know GST rate on Goods and Services

GST Exemption list of goods and services

Find HSN number or Service tariff code for GST

GST registration guidelines

Indian GST Laws

How to export your goods?

Difference between SGST and VAT

Difference between CGST and CENVAT

Difference between CGST and Central Excise Tax

Difference between CGST and VAT

Difference between CGST and CST

Difference between IGST and CENVAT

Types of Insurance Documents.

What is VACIS exam in US import customs clearance

When can an exporter release bill of lading from

Know HTS code (HS code) of your product

How to import goods to India?

Find ITC code of your product

Indian Budget 2016-17, Duty changes in Excise, Customs and ST

Export benefit schemes from Export Promotion Councils

How to export goods from India?

Export benefit schemes in India

Export procedures and documentation

How to get Export Order?

 Modes of payment for GST payments

GST payment through Internet Banking

How to pay GST through NEFT RTGS

GST collection Banks

How to pay GST tax through Bank?

Cash, Cheques or DD payment under GST, Goods and Service Tax

GST payments, list of Banks authorised in Centre and States

GST payment errors between GSTN and RBI

Double payment error in GST tax payments

Challan Format of GST Tax payment

GST Tax payment, error in Total amount, How to solve?

GST Tax payment error in major head, how to solve?

GST Tax payment error in GSTIN

How does Letter of Credit work?

How does STP units work in India?

How does TT (Telegraphic Transfer) work?

Master Collect House Prepaid

Master prepaid House collect

Master prepaid house prepaid

Material used for testing is eligible for Modvat

Mode of payments in international trade


MSDS Material Safety Data Sheet

Multiple Country Textile Declaration

Negotiation procedures and formalities of export bills

Non receipt of Cargo Arrival Notice, Can importer sue against shipping company


OBL not released OBL not surrendered no telex release

Office to contact Phytosanitary inspection in India

Offices to obtain RCMC

Who can inspect import cargo in US

Who decides shipping carrier on FOB shipments

Who gets benefited with my articles in this website

Options under central excise clearance

Packing of export goods - How important in International business?

Parties in LC

Payment procedures in Triangular exports

Payment terms

POD Proof of Delivery – How important in Imports


Marshall Packers and Movers Islamabad Pakistan: We are packing and moving company and some times we need vessel and cargo tracking. How can we trace the vessel worldwide. or

abdulla: My self Shaik Aleem from Bangalore. I am an entrepreneur. I have 8 years work experience in different segments. I have started my two small ventures. I am planning to start exim business. Regarding consultantion I would to meet with you . Please tell me ur convinent time and contact number for further discussion. Thank you

Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers