To promote international trade, various incentives are provided by the Indian Government under the Customs Laws and Foreign Trade Policies. A glimpse of following crucial concepts would be covered:
Export Incentives:
o Merchandise Exports from India Scheme (MEIS) / Service Exports from India Scheme (SEIS)
o Duty Drawback
Special schemes for import:
o Advance authorization
o Export Promotion Capital Goods (EPCG) Scheme
o Free Trade Agreements/Preferential Trade Agreements (FTAs/PTAs)
Special concepts:
o In-bond manufacturing
o Remission of duties or taxes on export products (RoDTEP)
