Exim Policy Annual Supplement Highlights 2008 - 09
-
DEPB scheme has been extended till May 2009.
-
Refund of service tax on almost all the services.
-
Income tax benefit to 100%
EOUs has been extended by Government.
-
Coverage of FMS has been increased and additional 10 countries have been included. These are Mongolia, Bosnia-Herzegovina, Albania, Macedonia, Croatia, Honduras, Djibouti, Sudan, Ghana and Colombia.
-
Split-up facility under DFIA Scheme introduced.
-
Duty free import of samples has been increased from Rs.75, 000 to Rs.1, 00,000.
-
Value of jeweler parcels, through Foreign Post Office is raised to US$ 75,000. Earlier it was from US$ 50,000.
-
EOUs shall be allowed to pay excise duty on monthly basis, instead of the present system of paying duty on consignment basis.
-
Customs duty payable under EPCG Scheme has been reduced from 5% to 3%.
-
Setting up a new Export Promotion Council for Telecom Sector.