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With the assistance of our highly skilled team of professionals, we provide service for Focus Product Scheme to our esteemed clients. Offered consultancy provides an effective solution for the export of products that are able to create high employment in rural and semi urban areas to offset the inherent infrastructure inefficiencies and other costs emerged from the marketing of products. Further, we make clients well-aware from all the export duties, rates, taxes and rebaltes involved in the Focus Product Scheme.
The objective of the Focus Product Scheme is to incentivise export of such products which have high employment intensity in rural and semi urban areas so as to offset the inherent infrastructure inefficiencies and other associated costs involved in marketing of these products.
Exports of notified products to all countries shall be entitled for duty credit scrip equivalent to 1.25% 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 of such products 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 37D - List of Notified Products under Focus Product Scheme