In union budget 2020-21 they hiked customs duty on some furniture categories from 20% to 25

Source Link:

https://www.livemint.com/news/india/indian-furniture-makers-seek-more-protection-from-cheap-
chinese-imports-11590666173823.html

The manufacturing cost of a lounge chair in India can add up to ₹9,000. In

China, it costs no more than ₹6,500. Citing this, and sensing an opportunity
given the strong push by the government for self reliance, Indian furniture
companies are batting for higher protection against Chinese imports,
particularly, finished products.
India imports between $600 million and $800 million of furniture every
year.

https://www.charteredclub.com/meis-exporters/#:~:text=Merchandise%20Export%20from%20India
%20Scheme%20(MEIS)&text=Such%20incentives%20are%20given%20to,and%20from%20country
%20to%20country.&text=The%20percentage%20of%20rewards%20varies,to%205%25%20for
%20most%20items.

https://sell.amazon.in/grow-your-business/amazon-global-selling/blogs/export-incentives-scheme-
india

SEIS was introduced to encourage sellers who export notified services.

Under this export scheme, an incentive of 3-7% of the net foreign
exchange earnings is provided to service exporters. The requirement from
an exporter is to have an active IEC with minimum net foreign exchange
earnings worth US$ 15,000 (INR 11L approx) to be eligible for a claim
under the scheme . 2

Under this scheme, capital goods (goods that are used to manufacture
other products like leather used to make leather bags, etc) used in the pre-
production, production, and in post-production of final export products can
be imported at 0% customs duty, also called Zero duty EPCG

AAS allows duty-free imports of raw materials, which are required to

produce and manufacture final export products. The provision covers fuel,
packaging material, and some wastage during the production of the final
product. It allows exporters to import raw materials at 0% import duty if
those raw materials will be used to manufacture export products . 6

Providing high insurance cover, reduced premium for small exporters and a
simplified claim settlement process, the NIRVIK scheme was introduced
by the ECGC (Export Credit Guarantee Corporation of India). It is primarily
an insurance cover guarantee scheme that provides a cover of up to 90%
of the principal and interest, as against the current credit guarantee of
only up to 60% loss

https://www.thehindubusinessline.com/economy/govt-considering-pli-scheme-for-furniture-sector/
article65856667.ece

According to estimates, furniture export, at present, is about $400 million per

year. Global furniture exports currently stand at $264 billion, and half of the
market share is dominated by five countries - China, Germany, Poland, Italy
and Vietnam.
https://fieo.org/

https://silverbird.com/blog/articles/how-to-export-furniture-from-india#:~:text=According%20to
%20India's%20%EF%BB%BF%EF%BB%BF,248%25%20increase%20in%20furniture%20exports.

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