Report by the Secretariat: IV. Trade policies by selected sector: (2) Agriculture: (ii) Agricultural policy objectives: (b) Measures affecting exports: Para. 25:
The Secretariat's report describes the provision of "tax incentives" in order to promote exports. Could India describe the scope, coverage and budget for these "tax incentives". How is the incentive level determined? What are the effects of such measures on the prices of exported goods on foreign markets?
Reply: Schemes available to exports are in the form of duty neutralization schemes (rebating/exempting indirect taxes/duties) such as duty drawback, Advance Authorisation, Duty Free Import Authorisation (DFIA) and Duty Entitlement Passbook (DEPB) schemes; incentive/reward schemes (to promote exports of specified goods) such as Vishesh Krishi and Gram Udyog Scheme (VKGUY), Focus Market Scheme (FMS), Focus Product Scheme (FPS), Market Linked Focus Product Scheme (MLFPS) etc. These schemes have been given in detail in India's Foreign Trade Policy, 2009 2014, which has been notified to WTO and is also available at http://dgft.gov.in.
