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TEA welcomes additional incentives on exports
29
Dec '12
Extension of 2% interest subvention for one more year, up to 31st March, 2014 will help to increase the competitiveness and the exporters could also plan in advance and workout the costing accordingly.

The Granting of incentive on incremental exports made during the period January-march 2013 over the base period January-March 2012 for the IEC holder at the rate of 2% on the incremental growth of exports made to USA, EU and countries of Asia will give much relief at this hour of crisis.

The addition of five new countries, New Zealand, Cayman Islands, Latvia, Lithuania and Bulgaria under Focus Markets Scheme to get an incentive of duty credit script at 3% of FOB value of exports will help to concentrate new markets also.

The additional inclusion of textile products including others under focus product scheme to get an incentive of duty credit at 2% of FOB value of exports and inclusion of the country criteria under special focus market scheme to get an incentive of duty credit at 4% of FOB value of exports will be helpful to the exporters.

Textiles products have also been included under market linked focus product scheme.

As, incentive on incremental exports has been announced for exports made to USA, EU and countries of Asia, members are requested to concentrate to make exports to Asia countries also in addition to USA and EU. 

TIRUPUR EXPORTERS ASSOCIATION

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