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Focus Market Scheme Consultant
- Payment Terms
- Cash in Advance (CID), Cheque, Others
- Main Domestic Market
- All India
Based at New Delhi, India, we are engaged in offering the best Focus Market Scheme Consultant service to the clients. We have a pool of experienced professionals who support exporters in competing against foreign market against externalities and high freight cost. We are committed towards satisfying the clients by extending 1% duty cards in more than fourty countries. Additionally, the offered Focus Market Scheme Consultant can be availed from us at market-leading prices.
- We enable free import of scrips during issued license year
- Having good co-relation with foreign exporters
- No extra charge demanded
Focus Market Scheme
We offer wide range of Focus Market Scheme. Ensuring perfect handling of every professional activity, various consultancies have mushroomed abundantly. However, only those survive which offer high-end services, technical advices, and sure shot mantras to success in every business.
The new Foreign Trade Policy 2014-19 is likely to be declared by end October, 2014.
Would you think any changes in shape on Focus Market Scheme FMS under new FOREIGN TRADE POLICY 2014-2019?
What is FMS scheme and how does Focus Market Scheme work?
Focus Market Scheme is introduced on 11th September, 2009 with supplement later on 13th October,2011 in annual supplement to Foreign Trade Policy with a vision to support exporters in competing with foreign export market against high freight cost and other externalities.
What are the benefits under Focus Market Scheme FMS?
The exporters of all products to countries, as notified in Appendix 37C of HBP Vol.1 are entitled for Duty Credit Scrip equivalent to 3% of FOB value of exports in free foreign exchange.
As per annual supplement to the Foreign Trade Policy announced by DGFT on 13th October, 2011, SFMS, Special Focus Market Scheme has been introduced by extending 1% duty credit for all exports to 41 countries with effect from 01st April, 2011. This duty credit of 1% is apart from 3% under FMS. In other words, if an exporter effects shipments to the above referred 41 countries listed, duty credit would be 4%.
Who are not eligible for duty credit scrip, under FMS?
Under Foreign Trade Policy 2014-19 notification 93/2009 Cus, supplies made to SEZ units, Service exports,Diamonds and other precious, semi precious stones, gold, silver, platinum and other precious metals in any form, including plain and studded jewelers, 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 and crude/petroleum based products covered under ITC HS codes 2709 to 2715, of all types and in all forms; and Milk and milk products covered under ITC HS codes 0401 to 0406, 19011001, 19011010, 2105 and 3501 are not legible for duty credit scrip under FMS under Foreign Trade Policy.
Let us wait for announcement of new FOREIGN TRADE POLICY 2014 â 2019 to know whether any amendments/changes in FMS/SFMS reward schemes.
Would you like to add more information about FMS reward schemes for exporters under Foreign Trade Policy? Share below your experience in claiming Focus Market Scheme under Foreign Trade Policy.
Focus Market Scheme (FMS)
The objective of FMS is to offset high freight cost and other externalities to select international markets with a view to enhance Indiaâs export competitiveness in these markets.
Exporter of products to specified countries as per Appendix 37C (Table 1 and 2) shall be entitled for Duty Credit Scrip equivalent to 3% of FOB value of exports.
We provide our services to get Duty Credit Scrip from DGFT.
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 scrip equivalent to 2.5% of the FOB value of exports for each licensing year commencing from 1st April, 2006. The scrip and the items imported against it would be freely transferable.
Under the Scheme, export to all countries 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 product/s.