Lok Sabha Question No. 1902 (UNSTARRED), answered on 2016-11-28
Subject: Schemes for Promotion of Exports
Ministry: COMMERCE AND INDUSTRY
Asked by: DILIP PATEL

## MINISTRY OF COMMERCE & INDUSTRY

## GOVERNMENT OF INDIA (DEPARTMENT OF COMMERCE)

## LOK SABHA UNSTARRED QUESTION NO.1902 TO BE ANSWERED ON 28 th  NOVEMBER, 2016

## SCHEMES FOR PROMOTION OF EXPORTS

## 1902. SHRI DILIP PATEL:

Will the Minister of COMMERCE & INDUSTRY ( वाͨणÏय एवं उɮयोग मंğी ) be pleased to state:

- (a) whether the Government has introduced new schemes to promote export performance during the last three years;
- (b) if so, the details thereof;
- (c) whether there is any monitoring mechanism in place to evaluate the performance of these schemes; and
- (d) if  so,  the  details  thereof  along  with  the  expenditure  incurred  on  export  promotion schemes during the said period and the objectives achieved so far?

## ANSWER

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## THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY (INDEPENDENT CHARGE) (SMT. NIRMALA SITHARAMAN)

- (a) & (b):  Under the Foreign Trade Policy (FTP) 2015-2020, the Merchandise Exports from India Scheme (MEIS) has been introduced by amalgamating multiple schemes of  the  earlier  FTP  with  the  objective  to  offset  infrastructural  inefficiencies  and associated costs involved in exporting goods from India and to provide a level playing field to Indian exporters, especially those having high export intensity and employment  potential. The Scheme  incentivizes exporters in terms of freely transferable  Duty  Credit  Scrips  which  can  be  used  to  pay  Central  duties/taxes including  customs  duties.  For  services  sector,  Services  Exports  from  India  Scheme (SEIS) provides rewards to service providers of notified services from India based on net foreign exchange earned.

With a view to make our exports globally competitive by cutting down cost of production, two schemes are available; Export Promotion of Capital Goods(EPCG)    Scheme  for  duty  free  import  of  capital  goods  with  export obligation and Advance Authorisation/Duty Free Imports Authorisation (DFIA) Scheme  for  duty  free  import  of    raw  materials,  components,  spares  and consumables with export obligation.

(c): The Government regularly take stock of the changing dynamics at the global and  regional  level;  and  based  on  the  inputs  from  the  stakeholders  including industry & trade bodies/associations and think tanks, FTP is revised/improved. That  is  why  multiple  schemes  of  incentivisation  to  merchandise  export  in  the earlier  FTP(2009-15)  were  amalgamated  to  only one scheme namely  MEIS  in the current FTP(2015-20).

## (d):  The  details  of  the  claims  sanctioned  under  the  MEIS  Scheme  since 01.04.2015 are as below:

| Name of Schemes   | Value of Duty Scrips issued during 2015-16                                                                                                                                           | Value of Duty Scrips issued during 2016-17   |
|-------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------|
| MEIS              | Rs. 4103 Crore                                                                                                                                                                       | Rs. 8891.13 Crore(till 30.09.2016)           |
| SEIS              | No Scrips has been issued as exporters can file claims only after the end of the fiscal year 2015- 16, that is the earliest year of filing application will be in the year 2016- 17. | Rs.169.49 Cr ( till 10.10.2016)              |