Ministry of Commerce and Industry extends the Transport and Marketing Assistance Scheme for a further period of one year

Mar 20, 2020 | by Avantis RegTech Legal Research Team

Finance & Taxation Compliance

The Ministry of Commerce and Industry on March 17, 2020, has decide to extends the Transport and Marketing Assistance Scheme for a further period of one year upto March 31, 2021.

However, the Scheme was initially available for exports effected from March 01, 2019 to March 31, 2020. It has now been decided to extend the Scheme for a further period of one year and the assistance under the Scheme would now be available for the eligible exports effected up to March 31, 2021.

The “Transport and Marketing Assistance” (TMA) for specified agriculture products scheme aims to provide assistance for the international component of freight and marketing of agricultural produce which is likely to mitigate disadvantage of higher cost of transportation of export of specified agriculture products due to trans-shipment and to promote brand recognition for Indian agricultural products in the specified overseas markets.

Eligibility of Products: The assistance will be provided on export of all agriculture products covered in HSN chapter 1 to 24 including marine and plantation products except certain products which is specified under this Scheme.

The following exports categories / sectors shall be ineligible under this scheme:

1.Products exported from Special Economic Zones (SEZs)/ Export Oriented Units (EOUs)/ Electronics Hardware Technology Parks (EHTPs)/ Software Technology Parks (STPs)/ Bio-Technology Parks (BTPs)/ Free Trade Warehousing Zones (FTWZs).

2.SEZ/EOU/EHTPs/STPs/BTPs/FTWZs products exported through DTA units.

3.Export of imported goods covered under paragraph 2.46 of the FTP.

4.Exports through trans-shipment, i.e. exports that are originating in third country but trans- shipped through India.

5.Items, which are restricted or prohibited for export under Schedule-2 of Export Policy in ITC (HS), unless specifically notified.

6.Export products which are subject to Minimum Export Price or export duty, unless specifically notified.

7.Export of goods through courier or foreign post offices using e-Commerce.

[Notification No. 17/3/2018-EP (Agri.IV)]


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