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With a view to doubling our percentage share of global trade
within 5 years and expanding employment opportunities,
especially in semi urban and rural areas, certain special
focus initiatives have been identified for agriculture and
other areas. The following facilities have been extended to
the agriculture sector:
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A
new scheme called the Vishesh Krishi Upaj Yojana
(Special Agricultural Produce Scheme) for promoting
the export of fruits, vegetables, flowers, minor forest
produce and their value added products has been introduced
by providing incentives to exporters of such products.
Exporters of such products shall be entitled for duty
credit scrip equivalent to 5% of the FOB value of exports
for each licensing year commencing from 1st April, 2004.
The scrip and the items imported against it would be
freely transferable.
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Funds shall be earmarked under ASIDE for development of
Agri Export Zones (AEZ).
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Import of Capital goods shall be permitted duty free under
the EPCG Scheme.
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Capital goods imported under EPCG shall be permitted to be
installed anywhere in the AEZ.
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Import of restricted items, such as panels, shall be
allowed under the various export promotion schemes.
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Import of inputs such as pesticides shall be permitted
under the Advance License for agro exports.
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New
towns of export excellence with a threshold limit of Rs.
250 crore shall be notified.
For further details, please contact:
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