Focus Market Scheme (FMS)
Objective is to offset high freight cost and other externalities to select international markets with a view to enhance India’s export competitiveness in these countries.
Exporters of all products to notified countries shall be entitled for Duty Credit Scrip equivalent to 3% of FOB value of exports (in free foreign exchange) for exports made from 27.08.2009 onwards.
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Public Notice & Circular From Central Board of Excise and Customs (CBEC)
Public Notice & Circular From Directorate General of Foreign Trade (DGFT)
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