Focus Market Scheme (FMS)
Exporters of all products to notified countries shall be entitled for Duty Credit Scrip equivalent to 3% of FOB value of exports (in free foreign exchange) for exports made from 27.8.2009 onwards, unless a specific date of export / period is specified by public notice / notification. The following categories of export products / sectors shall be ineligible for Duty Credit Scrip, under FMS scheme:
- Supplies made to SEZ units;
- Service Exports;
- Diamonds and other precious, semi precious stones;
- Gold, silver, platinum and other precious metals in any form, including plain and studded Jewellery;
- Ores and Concentrates, of all types and in all forms;
- Cereals, of all types;
- Sugar, of all types and in all forms;
- Crude / Petroleum Oil & Crude / Petroleum based Products of all types and in all forms
- Export of Milk and Milk Products.
Focus Product Scheme(FPS)
Exports of notified products to all countries (including SEZ units) shall be entitled for Duty Credit scrip equivalent to 2% of FOB value of exports (in free foreign exchange) for exports made from 27.8.2009 onwards, unless a specific date of export / period is specified by public notice / notification.
However, Special Focus Product(s) /sector(s) shall be granted Duty Credit Scrip equivalent to 5% of FOB value of exports (in free foreign exchange) for exports made from 27.8.2009 onwards, unless a specific date of export / period is specified by public notice / notification.
Further, Focus Product(s) / sector(s) that are notified shall be granted additional Duty Credit Scrip equivalent to 2% of FOB value of exports (in free foreign exchange) over and above the existing rate for that product / sector from the admissible date of export / period specified in the public notice issued to notify the product / sector.
Why choose us
- Complete expertise in required documentation and filing of Applications
- Speedy Issuance from DGFT
- Immediate Registration at Customs
- Sale/ Purchase at the most competitive prices
