Foreign Trade Policy 2015-20 and Focus Product Scheme FPS Posted on 10 April 2023 Category : Foreign Trade Policy 2015-20 FPS reward scheme as new shape in new Foreign Trade Policy 2015-20? Click here to read Foreign Trade Policy of India 2009-14 The new Foreign Trade Policy 2015-20 is being declared on 1st April, 2015. What is Focus Product Scheme FPS? How does Focus Product Scheme work as a reward scheme under Foreign Trade Policy? The reward scheme, Focus Product Scheme was introduced and operationalized in 11th September, 2014 under the guidance of Foreign Trade Policy with annual supplements later. The exporters are entitled to avail duty credit Scrip of 2%, 5% and additional 2% depends up on nature of exports with volume. On 13th October,2011, in the annual supplement of Foreign Trade Policy, a new scheme had been introduced - Special Bonus Benefit Scheme – SBBS. Under this scheme 50 products of engineering, pharmaceutical and chemical sectors have been granted duty credit @ 1% of the value. This scheme was available on exports made on or after 01.10.2011 and would automatically expired/abolished on 31.03.2012. Would you think a new scheme is introduced in lieu of Focus Product Scheme FPS under new Foreign Trade Policy 2015-20 (FTP 2015-20)? Share your experience in availing FPS reward scheme under Foreign Trade Policy. Comment below your thoughts about this article - Foreign Trade Policy 2015-20 and Focus Product Scheme FPS The above information is a part of Online international business guide course Posts about export import online training Learn International trade free How to get export orders? Only three mandatory documents required for exports and imports Merge your commercial invoice and packing list for all your future exports How to cover credit risks in export business? Bank pre shipment loan to exporters in India Packing credit finance to exporters 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 What is the difference between BAF and CAF Who receives the amount of auctioned / resold imported unclaimed/un-cleared goods? What is VACIS exam in US import customs clearance Is Airway bill a documents of title? Is Customs House Agents (CHA ) required to be appointed mandatory? Is DP terms of payment safe in export business? Is Letter of Credit LC safe for an Importer? Is ON BOARD CERTIFICATE required for LC negotiation Maintain quality of goods - a prime factor in exports Master collect House collect 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 Mode of transport under EX WORKS/FCA/CPT/CIP/DAT/DAP/DDP/FAS/FOB/CFR/CIF 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 OBJECTIVES OF CUSTOMS CONTROL for EXPORT GOODS 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 Post export incentives How does a Running bond work? How does Bill of Lading work in DP payment terms? How does Bill of Lading work in Sight LC Transferability of Bill of Lading Transhipment - A redefinition Triangular shipment Types of Insurance Documents How does CENVAT Credit work? Import General Manifest (IGM) Importance of Bill of Lading Is Airway bill a documents of title? Is Customs House Agents (CHA ) required to be appointed mandatory? Is DP terms of payment safe in export business? Is Letter of Credit LC safe for an Importer? Is ON BOARD CERTIFICATE required for LC negotiation What is VACIS exam in US import customs clearance When can an exporter release bill of lading from shipping company? When does exporter get EP copy of shipping bill after customs clearance GST exemptions for SME GST, Composition scheme changes 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 karthik: On 05 June 2014 what are the documents need to avil this scheme uday kotian: On 30 July 2014 PLEASE INCLUDE THE EXPORT ITEMS ALL GROUNDNUT KERNAL IN 37A VKGUY SCHEME Ganesh Kumar: On 06 August 2014 Please include Tractor & Engineering parts against H.S.Code : 87081010,87089900,87081090 & 84682090 for exporting countries : ITALY,TURKEY & U.S.A. At present above products not cover in any scheme. sameer agarwal: On 09 August 2014 Please allow in current FTP policy 2014-19 chapeter 57/37D same scheme FPS according FTP policy 2009-14. sunil lahori: On 03 October 2014 please declare sez as focus port and allow focus incentives for export from sez it will increase export of sez more then 100% of exsisting turnover sunil RAMACHANDRA RAO BONI: On 13 December 2014 I just want to know what is rate of FPS on export of ferro alloys prodcuts nakul goyal : On 11 February 2015 I am a Chartered Accountant in practice from Ludhiana. As you know Ludhiana is India's one of the major export hub and looking at the potential I wanna pursue my private practice in this field but from the past 3 years I am more into income tax and service tax . Although I have read the FTP Policy and Procedures but still I am far away from practical knowledge so what should I do. dilip Bhatt: On 23 September 2015 Dear Sir, Any new focus scheme for year 2015-20. in new ftp for Engineering goods. Thanks. Dilip Bhatt Nandakumar: On 03 March 2016 Dear Sir, FPS scheme eligibility for 100% EOU unit. Kindly guide me. Regards, D.Nandakumar balagi: On 07 April 2016 Sir, we are exporting educational books to U A E.Please advise what benefits, we are getting from government. Mudit Jain : On 06 August 2016 I am an Auditor of a respected export house. I need to verify the FOCUS incentive obtained by them from Govt. and any pendency thereon So can you guide me through it. Hari: On 16 August 2016 AM Harivignesh from Tamilnadu. I have a doubt in focus license. As i was looking for the answer, i found your blog and email id. It would be great and valuable, if you kindly answer my doubt. Am going to import a machine (Non woven printingmachine) from china. Now, i have a friend in sea freight company service who has been saying me, he will get duty free machine clearance as he has "FOcUS LICENSE". Is it possible to import the machine under this license? And the license doesn't belong to him, he is getting from other person it seems. What will be the benefit to other person (Third party) if he uses the license and does charge only 5% of the duty value.