Export incentives and facilities are as follow: Focus Market Scheme (FMS). Focus Product Scheme (FPS).

. Vishesh Krishi and Gram Udyog Yojna (VKGUY). Marketing Development Assitance (MDA). Exemption from Income Tax. Exemption from Sales Tax. Export Promotion Capital Goods Scheme. Financial Benefits. Focus Market Scheme:Government of India gives the duty credit scrip equivalent to 2.5 % of FOB value of exports to some countries to increase the export in these countries. Focus Product Scheme:Government of India gives the duty credit scrip equivalent to 1.25 % of FOB value of exports to some products to increase the export of these products. Vishesh krishi And Gram Udyog Yojna:The objective of this scheme is to prompt the export of fruits, vegetables, flower, minor forest

product and their value added product. Export of agricultural product shall be entitled for duty credit scrip equivalent to 5 % of FOB value of exports for each licensing year. Marketing Devekopment Assistance (MDA):Government of India created MDA to have a common fund to help proper implementation of export promotion measures. MDA is directed towards development of marketing abilities of the exporters. Exporters are eligible for marketing assistance in the form of weighted deduction from their taxable income. The quantum of deduction is half of the actual expenditure incurred in advertising abroad, travel abroad, market surveys, opening showroom, etc. Exemption from income tax:Our government has provided income tax relief to all exporters under sec 80 HHC, exporters are given 100% exemption from the payment of income tax export profit. Exemption from sales tax:Exports are exempted from all kinds of sales tax at central and state levels. For the purpose of claiming such exemption, export firm should be registered with the sales tax authorities. The registration with the sales tax department is

compulsory in order to claim exemption from sales tax. Export Promotion (EPCG):Capital Goods Scheme

According to this scheme, a domestic manufacturer can import machinery and plant without paying customs duty or settling at a concessional rate of customs duty. But his undertakings should be as mentioned below: Customs Rate 10% Duty Export Obligation Time

4 times exports 5 (on FOB basis) of years CIF value of machinery.

Nil in case CIF 6 times exports 8 value is Rs200mn (on FOB basis) of years or more. CIF value of machinery or 5 times exports on net foreign earnings basis of CIF value of machinery. Nil in case CIF 6 times exports 8 value is Rs50mn (on FOB basis) of years or more for CIF value of agriculture, machinery or 5 aquaculture, times exports on

animal husbandry, net foreign floriculture, earnings basis of horticulture, CIF value of poultry and machinery. sericulture.

Financial benefits:The exporters can take advantage of preshipment and post-shipment finance. In addition to this the exporters can claim refund of octroi duty from local authorities, finance is made available to Indian exporters by the commercial banks and EXIM bank at a concessional rates of interest.