Other schemes of Export Promotion

Focus Product Scheme (FPS)

This scheme promotes the export of selected products notified at time to time. The products which have high export intensity / employment potential are covered so as to offset infrastructural inefficiencies and other associated costs involved in marketing of these products.

Duty Free Import Authorization (DFIA) Scheme

DFIA is issued to allow duty free import of inputs, fuel, oil, energy sources, catalyst which are required for production of export product.

Duty Entitlement Passbook (DEPB)

Objective of DEPB is to neutralise incidence of customs duty on import content of export product. For example, if rough diamonds are imported and then exported after finishing, there should be some neutralization on import duty of rough diamonds.

Export Promotion Capital Goods (EPCG) Scheme

This is a zero duty scheme which allows the import of capital goods such as machinery for preproduction, production and post production of export items. But it is not a free lunch. The duty free import by an exporter has to be paid back in the form of an export obligation equivalent to 6 times of duty saved on capital goods imported under EPCG scheme, to be fulfilled in 6 years reckoned from Authorization issue-date. This means that if an exporter imports a tool making machine and saves an import duty of Rs. 100, he will have make the tools and export tools worth minimum Rs. 600 within 6 years. J

National Export Insurance Account (NEIA)

National Export Insurance Account (NEIA) is a fund set up in 2006 with an approved corpus of Rs. 2000 Crore. Out of which Rs. 546 Crore were funded by the Government of India. NEIA promotes project export from India, which are not covered by the ECGC (Export Credit Guarantee Council) because of its own underwriting capacity. NEIA is maintained and operated by a Public Trust set up jointly by the Department of Commerce and ECGC.