|The objective of the Focus Product Scheme is to incentivise export of such products which have high employment intensity in rural and semi urban areas so as to offset the inherent infrastructure inefficiencies and other associated costs involved in marketing of these products.
Exports of notified products to all countries shall be entitled for duty credit @ 2% of FOB value of exports in foreign exchange from 27.08.2009 (1.25% for prior periods). The scrip and the items imported against it would be freely transferable / sellable. Certain Special Focus Products / sectors such as Handicraft products are granted duty credit @ 5%.
Under the Scheme, export of such products as specified in the Handbook of Procedures (Vol. I) shall qualify for export benefits with certain exceptions as outlined.
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 products.
Following are the List of Notified Products under Focus Product Scheme
Categories in FPS:
• Engineering products
• Plastic products
• Handloom products
• Stationery and Fireworks products
• Value added leather products including leather footwear
• Value added coir products
• Silk products
• Vegetable textiles
• Electronic Products
• Glass and Glassware
• Jute and Sisal products
• Technical Textiles products
• Green Technology products
Categories in Special Focus Products:
• Toys and Sports Goods
• Handicraft products