COMPARISON BETWEEN FOCUS MARKET SCHEME 20042009 AND 2009-2014

Focus Market Scheme (FMS 2004-2009) Exporters of all products to notified countries (as in Appendix 37C of HBP v1) shall be entitled for Duty Credit scrip equivalent to 2.5% of FOB value of exports for each licensing year commencing from 1st April, 2006
Benefit of FMS will not be allowed to, a) Cement b) Primary Steel Products

Focus Market Scheme (FMS 2009-2014)

Exporters of all products to notified countries (as in Appendix 3 7C of HBPv1) shall be entitled for Duty Credit Scrip equivalent to 3 % of FOB value of exports (in free foreign exchange) for exports made from 27.8.2009 onwards.

Benefit of FMS will not be allowed to, a)Milk and Milk Products falling under specified ITC (HS).

FINDINGS:
Rate of duty credit scrip under Focus Market Scheme has been increased to 3% from2.5% for Export made from 27.08.2009. Also 26 new markets have been added to Focus Market Scheme. Foreign Trade Policy 2004-09 had a good impact on Indian trade. FMS is a important factor in Foreign Trade Policy 2009-14. Benefit of FMS will now also be available to export of Cement & Primary Steel Products to specified countries. However benefit will not be applicable to Milk and Milk products.

Benefit of FMS will now also be available to export of Cement & Primary Steel Products to specified countries. However benefit will not be applicable to Milk and Milk products.