following link- ( http :// mha . nic . in / pdfs / ForeigD-FAQs-on- |
Q . 42 Can companies in India enter into foreign technology |
ConferenceVisa . pdf ). |
agreements ? |
Q . 41 Is there any act to regulate competition in India ? |
Technology Agreements : Foreign investment in technology |
Competition Act : The government of India enacted a modern |
agreements effecting payments for royalty , lumpsum fee for |
competition law in the form of Competition Act , 2002 and |
transfer of technology and payments for use of |
established the Competition Commission of India to carry out |
trademark / brand name are allowed under the automatic route , |
the objectives of the Act . The details can be seen from the |
i . e ., without any approval of the Government of India . Foreign |
following link- |
technology includes technical know-how , design , drawing , |
( http :// www . cci . gov . in / images / media / competition _ act / act200 |
engineering service and royalty . Use of foreign brand |
2 . pdf ? phpMyAdmin = QuqXb-8V2yTtoq617iR6-k2VA8d ) |
names / trademarks is permitted for sale of goods in India . |
Q . 43 What are the various types of incentives available ? |
intensity / employment . Benefit of 2 or 5 % transferable duty |
||
There are various types of incentives available from Central and |
free credit entitlement for specified products . Certain |
||
state government departments for establishing a |
products to get 2 % bonus benefits . |
||
manufacturing unit . The incentives differ among the states and |
n |
Market Linked Focus Product Scheme : The basic objective |
|
registration will be required to obtain various kinds of |
is to incentivize exports with high employment intensity in |
||
incentives . |
rural and semi-urban areas . The benefit of 2 % transferable |
||
Central Government Incentives : |
duty free credit entitlement for specified products . |
||
Incentives on exports : The foreign trade policy provides various |
n |
The list of electronic items covered under FPS & MLFPS |
|
kinds of incentives for export of goods and services . The |
can be seen from the following linkvarious |
||
types of incentives are as follows : |
( http :// deity . gov . in / sites / upload _ files / dit / files / Electronic % |
||
Ÿ |
Duty exemption / remission scheme : Advance Authorization :
Duty free imports of inputs allowed for exports provided
|
20items % 20notified % 20by % 20DGFT-
July % 202013 % 20 . pdf )
|
|
minimum 15 % value addition is achieved . The scheme also |
n |
Market Access Initiatives : Under MAI scheme , financial |
|
requires import to be completed in 12 months and exports |
assistance is provided for export promotion activities on |
||
within 18 months . |
focus country , focus product basis . Financial assistance is |
||
|
Annual Advance Authorization : It is available only to exporters with at least 2 years of exports . The entitlement will be equivalent to 300 % of the FOB value or INR 10 million whichever is more .
The authorization will be valid for 12 months .
Duty Free Import Authorization : Under this exporters are allowed to import inputs free of basic customs and or additional / SAD duty . Scheme covers only products under standard inputs output norms . It also required minimum value addition of 20 %.
Duty Drawback : Duty Drawback is the rebate of duty chargeable on imported material or excisable material used in the manufacturing of goods in and is exported . The exporter may claim drawback or refund of excise and customs duties being paid by his suppliers . Drawback Schedule covers now about
4600 products . n
Export promotion capital goods scheme-Under the scheme import of capital goods at a zero basic custom duty is allowed for export purposes . The capital goods for pre / post production stage also permitted . The exports to
|
n n n |
available for Export Promotion Councils ( EPCs ), Industry and Trade Associations ( ITAs ), Agencies of State
Government , Indian Commercial Missions ( ICMs ) abroad and other national level institutions / eligible entities as may be notified .
Incremental exports incentivisation scheme : A duty credit scrip @ 2 % on the incremental growth ( achieved by the
IEC holder ) during the current year is given . ( 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 covers exports to USA , Europe and Asia . In addition , 53 countries in Latin America and Africa .
The details of various exports incentives schemes and procedures can be seen from the Foreign trade policy and procedures available on the following link- ( http :// dgft . gov . in / exim / 2000 / download-ftp1213 . htm )
For the incentives and facilities offered to units in SEZs please refer Q . 26 .
|
|
be effected equivalent to 6 times the duty saved on capital |
n |
North Eastern States : There is an incentive scheme of |
|
goods . Exports to be completed in 6 years . |
central government for undertaking established in north |
||
n |
Focus Market Scheme : The basic objective is to offset high freight cost and other externalities to select international |
eastern states . The details can be seen from the following link- ( http :// dipp . nic . in / English / Schemes / ner . aspx ). |
|
market . The benefit of 3 % transferable duty free credit |
n |
R & D concessions : There are some deduction incentives for |
|
entitlement for specified countries . The special focus |
research and development expenditure . |
||
markets to get 4 % benefits . |
n |
Investment allowance ( additional depreciation ) at the rate |
|
n |
Focus Product Scheme : The basic objective is to |
of 15 percent to manufacturing companies that invest |
|
encourage products with high export |
more than INR 1 billion in plant and machinery during the |
||