Академический Документы
Профессиональный Документы
Культура Документы
EY Tax Alert
Foreign Trade Policy 2015 - 2020
Executive summary
Tax Alerts cover
significant tax news,
developments and
changes in legislation
that affect Indian
businesses. They act
as technical summaries
to keep you on top of
the latest tax issues.
For more information,
please contact your EY
advisor.
This Tax Alert gives an update on the Foreign Trade Policy (FTP) 2015-2020,
which has been released by the Ministry of Commerce and Industry on 1 April
2015.
The FTP 2015 - 2020, which comes into effect from 1 April 2015, has been
notified by the Central Government1 in exercise of the powers conferred under
the Foreign Trade (Development and Regulations) Act, 1992.
It introduces two schemes namely Merchandise Exports from India Scheme
(MEIS) for export of specified goods to specified markets and Services Exports
from India Scheme (SEIS) for exports of notified services, in place of the
schemes issued earlier. The benefits of these reward schemes will also be
extended to SEZ units.
Further, measures have been taken to encourage manufacturing and exports
under 100% EOU/EHTP/STPI/BTP schemes such as fast track clearance facility,
sharing of infrastructural facilities etc.
The major focus areas of this FTP are trade facilitation and ease of doing
business. Accordingly, a number of steps have been taken such as reduction in
number of mandatory documents for export and import, creation of facility for
uploading documents in exporter / importer profile etc.
_________________
1
Background
E-Commerce:
Key Highlights
MEIS
Five earlier schemes for rewarding
merchandise exports [namely, Focus
Product Scheme, Market Linked
Focus Product Scheme, Focus Market
Scheme, Agriculture Infrastructure
Incentive Scrip, Vishesh Krishi and
Gram Udyog Yojana (VKGUY)] have
been merged into a single scheme i.e.
MEIS.
No conditionality to be attached to
SEIS
SEIS, which has replaced the earlier
Served From India Scheme (SFIS),
shall now apply to service providers
located in India instead of Indian
service providers, regardless of the
constitution or profile of the service
provider.
The present rates of reward are 3%
Status
category
One Star
Export House
Two Star
Export House
Export
Performance
(FOB/FOR USD in
million) during
current and
previous two
years
3
25
100
Four Star
Export House
Five Star
Export House
500
2000
Three Star
Export House
Duty exemption
Transitions Provisions
Comments
Our offices
Ernst & Young LLP
Ahmedabad
2nd floor, Shivalik Ishaan
Near. C.N Vidhyalaya
Ambawadi,
Ahmedabad 380 015
Tel: + 91 79 6608 3800
Fax: + 91 79 6608 3900
Mumbai
14th Floor, The Ruby
29 Senapati Bapat Marg
Dadar (west)
Mumbai 400 028
Tel + 91 22 6192 0000
Fax + 91 22 6192 1000
Bengaluru
12th & 13th floor
U B City Canberra Block
No.24, Vittal Mallya Road
Bengaluru 560 001
Tel: + 91 80 4027 5000
+ 91 80 6727 5000
Fax: + 91 80 2210 6000
+ 91 80 2224 0695
NCR
Golf View Corporate
Tower B
Near DLF Golf Course,
Sector 42
Gurgaon 122 002
Tel: + 91 124 464 4000
Fax: + 91 124 464 4050
6th floor, HT House
18-20 Kasturba Gandhi Marg
New Delhi 110 001
Tel: + 91 11 4363 3000
Fax: + 91 11 4363 3200
4th & 5th Floor, Plot No 2B,
Tower 2, Sector 126,
Noida 201 304
Gautam Budh Nagar, U.P. India
Tel: + 91 120 671 7000
Fax: + 91 120 671 7171
Pune
C401, 4th floor
Panchshil Tech Park
Yerwada (Near Don Bosco School)
Pune 411 006
Tel: + 91 20 6603 6000
Fax: + 91 20 6601 5900
Kolkata
22, Camac Street
3rd Floor, Block C
Kolkata 700 016
Tel: + 91 33 6615 3400
Fax: + 91 33 2281 7750
ED None