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
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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.
Any 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?
Share below your experience in availing benefit under VKGUY scheme with your suggestions.
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