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Focus Market Scheme(FMS):
The objective of the Focus Market Scheme is to offset the high freight cost and other disabilities to select international markets with a view to enhance our export competitiveness to these countries.

Exports of all products to the notified countries shall be entitled for duty credit @ 3% of FOB value of exports in foreign exchange from 27.08.2009 (2.5% for prior periods).

The scrip and the items imported against it would be freely transferable/sellable. So far, the Scheme covers a total of 112 markets. However, additional duty credit scrip @1% FOB value of exports given to 41 markets listed in Table
3 of Appendix 37C with effect from 1.4.2011 under Special Focus Market Scheme.

The Duty Credit may be used for import of inputs or goods including capital goods, provided the same is freely importable under ITC (HS).

Exporters shall have the option to apply for benefit either under the Focus Market Scheme or under the Focus Product Scheme or under Vishesh Krishi and Gram Udyog Yojana in respect of the same exported product/s.

Following exports shall not be taken into account for computation of entitlement:

• Export of imported goods covered under Para 2.35 of FTP;
• Exports through transshipment, meaning thereby that exports originating in third country but
  transshipped through India;
• Export turnover of SEZ units or supplies made to such units or SEZ products exported
  through DTA units;
• Deemed Exports;
• Service Exports;
• Diamonds and other precious, semi precious stones;
• Gold, silver, platinum and other precious metals in any form, including plain and studded
• Ores and Concentrates, of all types and in all forms;
• Cereals, of all types;
• Sugar, of all types and in all forms;
• Crude / Petroleum Oil & Crude / Petroleum based Products covered under ITC HS codes 2709
  to 2715, of all   types and in all forms;
• Items, which are restricted or prohibited for export under Schedule-2 of Export Policy in ITC
• Cement, all types and in all form

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