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
Risks and solutions in Import Export business
How does Letter of Credit work?
How to protect buyer and seller in triangular exports?
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
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.
The 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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