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Incremental exports incentivisation scheme (IEIS)

The objective of the Scheme is to incentivize incremental exports. The duty credit scrip will be freely transferable and shall also be eligible for domestic sourcing.

An IEC holder would be entitled for a duty credit scrip @ 2% on the incremental growth (achieved by the IEC holder) during the current year (for example, say for the period 01.04.2013 to 31.3.2014) compared to the previous year (for example, say for the period from 01.04.2012 to 31.3.2013) on the FOB value of exports. Incremental growth shall be in respect of each exporter (IEC holder) without any scope for combining the exports for Group Company.




The scheme is region specific and will cover exports to USA, Europe and Asian countries only. In addition export to 53 countries in Latin America and Africa (except exports to Singapore, U.A.E and Hong Kong)

Incentive will be admissible only if the IEC holder has achieved growth in the financial year 2013-2014 vis a vis financial year 2012-2013. Quantum of benefit will be calculated on the incremental growth achieved subject to eligibility criteria

For the purpose of the scheme, export performance shall not be allowed to be transferred from any other IEC holder. Benefit under the scheme will not be allowed to an exporter who had made no export during fiscal year 2011-12 and fiscal year 2012-13.

The following exports shall not be taken into account for calculation of export performance or for computation of entitlement under the Scheme:

• Export of imported goods or exports made through trans-shipment.
• Export from SEZ/ EOU /EHTP /STPI /BTP/FTWZ
• Deemed Exports
• Service Exports
• Third Party exports
• Diamond, Gold, Silver, Platinum, other precious metal in any form including plain and studded
  jewellery and other precious and semi-precious stones.
• Ores and concentrates of all types and in all formations.
• Cereals of all types.
• Sugar of all types and all forms.
• Crude / petroleum oil and crude / primary and base products of all types and all formulations.
• Export of milk and milk products.
• Export performance made by one exporter on behalf of other exporter.
• Supplies made to SEZ units.
• Items, export of which requires an export authorisation (except SCOMET), will not be
  considered.
• Export of Meat and Meat Products.
• Exports to Singapore, UAE and Hong Kong.
Mob : +91-9022060498 E-mail : info@legalbabu.com
 
 
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