Promotion schemes launched by

Indian Government
 Made by
Mahima Chauhan
Shivam Salgotra
Ruchika Sharma
Ashish Vashisht
Shikha
 CONTENT
01 NAME OF THE DIFFERENT SCHEMES LAUNCHED

02 MERCHANDISE EXPORTS FROM INDIA SCHEME (MEIS)

03 SERVICES EXPORTS FROM INDIA SCHEME (SEIS)

04 EXPORT PROMOTION CAPITAL GOODS

05 SPECIAL ECONOMIC ZONES (SEZS)

06 MARKET ACCESS INITIATIVE (MAI)

07 RULES RELATED TO DUTIES PAID ON MERCHANDISE

OR SERVICES
NAME OF DIFFERENT SCHEMES LAUNCHED BY
GOVERNMENT OF INDIA

1. Merchandise Exports from India Scheme

(MEIS)
2. Services Exports from India Scheme
(SEIS)
3. Export Promotion Capital Goods Scheme
(EPCG)
4. Special Economic Zones (SEZs)
5. Market Access Initiative (MAI)
MERCHANDISE EXPORTS FROM INDIA SCHEME (MEIS)

The Foreign Trade Policy of India that prevailed between the years
2015 and 2020 included five varied schemes to incentivise exports
of Indian manufactured goods and services. The scheme aimed at
promoting the government’s vision of ‘Make in India’. The Ministry of
Commerce and Industry was responsible for implementing this
scheme. The Government of India allocated more than ₹20,000
crores for exports for this scheme.

The five schemes which the MEIS scheme replaced are:

Focus product
Focus market
Market linked focus product
Vishesh Krishi and Gram Udyog Yojana
Agriculture infrastructure incentive scrip
The focus of the scheme revolved around all Indian products, which
could generate more employment to boost the exports of India and
make them on par with global products.
 MERCHANDISE EXPORTS FROM INDIA SCHEME (MEIS)

Below are the details of goods that the MEIS scheme supports under
the Foreign Trade Policy (2015-2020)

Merchandise Goods: Spices, essential oils, fruits, vegetables, tea,

coffee, processed foods.
Eco-friendly Products: Jute products, coir, handlooms, handicrafts.
Marine Products
Textile (including readymade garments) for countries like Japan,
Canada, the EU and the USA.
Other products include pharmaceuticals, industrial machinery,
chemicals, rubber, leather (garments included), wooden and steel
furniture, ships, planes and two-wheelers (including bicycles).
There are a host of other capital and consumer goods, and the
details of each category the Government of India notifies of each
category consistently.
SERVICES EXPORTS FROM INDIA SCHEME (SEIS)

The SEIS scheme covers a wide range of service sectors, including professional
services, technical services, research and development services, educational
services, health services, and hospitality services. The scheme is targeted at
encouraging service providers to explore new markets and increase their export
earnings from services.

In summary, the Services Exports from India Scheme (SEIS) targets service
providers in various sectors and aims to promote the export of services from India.
The scheme provides incentives to eligible service providers in the form of duty
credit scrips
SERVICES EXPORTS FROM INDIA SCHEME (SEIS)

There are certain clauses in the Services Exports from India Scheme
(SEIS) that service providers need to fulfill in order to be eligible for
incentives under the scheme. Some of the key clauses include:

The service provider should have a minimum net foreign exchange

earning of US$15,000 in the preceding financial year.
The service provider should have an active Indian bank account and
should have filed all relevant tax returns.
The services should be rendered in any of the 12 sectors notified by
the government, including professional services, technical services,
research and development services, educational services, health
services, and hospitality services, among others.
The service provider should have a valid Service Export Promotion
Council (SEPC) registration.
The service provider should not be in the negative list of exporters
or service providers issued by the DGFT or any other government
agency.
 SERVICES EXPORTS FROM INDIA SCHEME (SEIS)

The service provider should not have any outstanding export obligations or any disciplinary
proceedings pending against them.
These are some of the key clauses under the SEIS scheme. It is important for service providers
to carefully review the eligibility criteria and comply with all the requirements to avail of the
benefits of the scheme.
EXPORT PROMOTION CAPITAL GOODS SCHEME
(EPCG)

The EPCG scheme is targeted at manufacturers and exporters of capital

goods, including machinery, equipment, and instruments. The scheme
provides incentives to these manufacturers and exporters to upgrade their
technology and equipment, and to enhance their competitiveness in the
global market.

The EPCG scheme is available to all sectors, including engineering, chemicals,

pharmaceuticals, textiles, and electronics, among others. However, the
scheme is subject to certain export performance obligations, which require
the exporter to export a certain value of goods within a specified period of
time.
Export Promotion Capital Goods Scheme (EPCG)

There are certain clauses under the Export Promotion Capital Goods (EPCG) scheme
that exporters need to fulfil in order to be eligible for incentives under the scheme.
Some of the key clauses include:

The exporter should have a valid Importer Exporter Code (IEC) issued by the
Directorate General of Foreign Trade (DGFT).
The exporter should have a minimum export turnover of Rs. 1 crore in the preceding
financial year.
The capital goods to be imported should be used for the production, manufacturing,
or processing of goods for export.
The capital goods should be imported within a specified period of time, which varies
depending on the sector and product.
The exporter should fulfil the export obligation, which requires the exporter to
export a certain value of goods within a specified period of time, usually 6 years
from the date of issuance of the EPCG authorization.
The exporter should maintain records of imports, exports, and other relevant
documents for at least 3 years from the date of fulfilment of export obligation.
SPECIAL ECONOMIC ZONE (SEZS)

The SEZ scheme is targeted at businesses across various

sectors, including manufacturing, services, and trading. The
SEZs are equipped with world-class infrastructure, including
industrial parks, export-processing zones, technology parks,
and free trade zones, among others.

The SEZ scheme provides various incentives to businesses,

including exemption from customs duties, income tax, and
central and state taxes, among others. The scheme also
allows businesses to repatriate 100% of their profits and
provides easy access to financing and other business
support services.
SPECIAL ECONOMIC ZONE (SEZS)

There are certain clauses under the Special Economic Zones

(SEZ) scheme that businesses need to fulfil in order to
operate in designated SEZ areas and avail of the benefits of
the scheme. Some of the key clauses include:

The business should be engaged in manufacturing, trading

or services, and should be export-oriented.
The business should have a positive net foreign exchange
earning, which means that the value of its exports should
be higher than the value of its imports.
The business should be registered as an SEZ unit with the
designated Development Commissioner of the SEZ.
The business should operate within the designated SEZ
area and comply with the rules and regulations of the SEZ.
The business should fulfil the export obligation, which
requires the business to export a certain value of goods or
services within a specified period of time, usually 5 years
from the date of commencement of operations.
The business should maintain records of its operations,
including imports, exports, and other relevant documents,
and submit regular reports to the designated authorities.
MARKET ACCESS INITIATIVE (MAI)

The MAI scheme is targeted at promoting Indian exports to identified focus countries and regions,
which may include countries with high export potential or countries with which India has signed free
trade agreements or preferential trade agreements. The scheme is open to all sectors, including
agriculture, handicrafts, textiles, and engineering, among others.

The MAI scheme provides financial assistance to eligible entities, including export promotion
councils, industry associations, and government agencies, among others. The financial
assistance covers a range of export promotion activities, such as participation in international
trade fairs and exhibitions, organizing trade delegations and buyer-seller meets, and undertaking
market research studies and surveys, among others.
MARKET ACCESS INITIATIVE (MAI)

there are certain clauses under the Market Access Initiative (MAI) scheme
that eligible entities need to fulfil in order to avail of the benefits of the
scheme. Some of the key clauses include:

The entity should be registered under the relevant laws and regulations
of India, such as the Companies Act, the Societies Registration Act, or
the Trusts Act, among others.
The entity should be engaged in activities related to export promotion
and should have a track record of successful export promotion activities.
The entity should have a sound financial position and should not have
defaulted on any loans or payments to government agencies.
The proposed export promotion activity should be aimed at promoting
exports from India to identified focus countries and regions.
The entity should submit a detailed project proposal with specific
objectives, target countries, and expected outcomes, among other
details.
The entity should submit regular progress reports and expenditure
statements to the designated authorities.
THE RULES RELATED TO DUTIES PAID
ON MERCHANDISE OR SERVICES
The rules related to duties paid on merchandise or services can vary depending on the country
and the specific goods or services involved. However, some general rules and concepts are:

Import Duties: Import duties are taxes imposed by a country on goods that are imported into its
territory. The amount of duty paid on an imported item depends on various factors such as the
value of the item, its country of origin, and the specific tariff rates applied by the importing
country.
Value-added Tax (VAT): VAT is a consumption tax that is applied to the value added at each
stage of the production and distribution chain of a good or service. VAT is typically paid by the
final consumer but is collected at each stage of the supply chain.
Excise Taxes: Excise taxes are specific taxes imposed on certain goods or services such as
tobacco, alcohol, and gasoline. These taxes are generally designed to discourage consumption of
the goods or services and to raise revenue for the government.
Export Duties: Export duties are taxes imposed on goods that are exported from a country. Some
countries impose export duties to protect domestic industries or to raise revenue.
Tariff Quotas: Tariff quotas are a specific type of trade restriction that allows a certain quantity of
a good to be imported at a lower tariff rate, with a higher tariff rate applied to any quantity above
the quota.
Free Trade Agreements: Free trade agreements (FTAs) between countries can eliminate or reduce
tariffs and other trade barriers, making it easier and less expensive to import and export goods
and services between the countries involved.
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