|Home||» Services||» Focus Market Scheme|
With the support of our adroit team of professionals, we are providing service for Focus Market Scheme. This scheme is basically a strategy performance and management tool that creates a vision among exporters that helps them to compete in the foreign export market against high freight cost and other allied externalities. We provide complete consultancy for the duty credit scrip in free foreign exchange as notified in Appendix 37C of HBP Vol.1. Provided service for Focus Market Scheme is widely appreciated among our clients owing to its promptness, flexibility and cost-effective prices.
The objective of the Focus Market Scheme is to offset the high freight cost and other disabilities to select international markets with a view to enhance our export competitiveness to these countries.
Exports of all products to the notified countries shall be entitled for duty credit scrip equivalent to 2.5% of the FOB value of exports for each licensing year commencing from 1st April, 2006. The scrip and the items imported against it would be freely transferable.
Under the Scheme, export to all countries as specified in the Handbook of Procedures (Vol. I) shall qualify for export benefits with certain exceptions as outlined.
The Duty Credit may be used for import of inputs or goods including capital goods, provided the same is freely importable under ITC (HS).
Exporters shall have the option to apply for benefit either under the Focus Market Scheme or under the Focus Product Scheme or under Vishesh Krishi and Gram Udyog Yojana in respect of the same exported product/s.
Appendix 37C - List of Notified Markets under Focus Market Scheme