Injection Moulding Machine | Plastic Machinery Manufacturers in India

5 schemes merged into single scheme, namely Merchandise Export from India Scheme (MEIS)
Reward under MEIS shall be payable as a percentage of realised FOB value in FFE
Duty scrip will be fully transferable
Duty scrip can be utilized for payment of customs duties, excise duty and service tax
Reward under MEIS shall be extended to exports from SEZ

All Plastics Processing Machineries have been rewarded under Merchandise Export from India Scheme (MIES) at 2% incentive

ITC Code	Code A	Code B	Code C
84771000	2%	2%	0%
84772000	2%	2%	0%
84773000	2%	2%	0%
84774000	2%	2%	0%
84775900	2%	2%	0%

Served from India Scheme in previous FTP has been replaced with Service Exports from India Scheme (SEIS)
The rate of reward under SEIS would be based on net foreign exchange earned
Reward under SEIS shall be fully transferable
Reward can be utilized for payment of goods and service tax
Reward under MEIS shall be extended to exports from SEZ

Business leaders who have excelled on international trade and have successfully contributed to country’s foreign trade are proposed to be recognized as Status Holders
Status Holders shall be given treatment and privileges to facilitate their trade transactions, in order to reduce cost and time
Manufacturers who are Status Holders shall be allowed to self certify their manufactured goods as originating from India for preferential treatment under trade agreements (PTAs, FTAs, CECAs, CEPAs, etc)

Status Category	Export Performance*
One Star Export House	3
Two Star Export House	25
Three Star Export House	100
Four Star Export House	500
Five Star Export House	2000
*FOB/ FOR (as converted) value (in USD million) during current and previous two years

Reduced export obligation under EPCG scheme from 90% to 75%, if capital goods procured domestically
Import under EPCG not be eligible from payment of ADD, SGD and transitional product specific safeguard duty
High reward under MEIS for labour incentive sectors and products with high domestic content
Online filing of document, paperless trade, customs clearance- 24X7
Online inter ministerial consultations
Simplification of procedures; increase in digitization
EPCG authorization holders to maintain only 2 years records now; Govt.’s endeavour is to phase out record keeping
Mobile number, Email ID, etc have been added as mandatory fields in IEC database, for better communication

The validity of SCOMET export authorization has been extended to 24 months
Authorisations for repeat orders will be considered on automatic basis
The verification of End User Certificate (EUC) will be simplified for SCOMET items exported under Defence Export Offset Policy
Outreach programmes will be conducted at different locations to raise awareness among various stakeholders

Export Obligation (EO) period of 18 months may be extended by 6 months (upon request to RA) subject to payment of 0.5% composition fee. Further extension may be considered by RA only if authorisation holder has fulfilled minimum 50% export obligation
Imports under Advance Authorisation shall be eligible for exemption from transitional product specific safeguard duty
EO period falling in the category of defence, military store, aerospace and nuclear energy shall be 24 months (from the date as per FTP provisions)

EOUs, EHTPs, STPs have been allowed to share infrastructural facilities
Inter unit transfer of goods and services have been allowed among EOUs, EHTPs, STPs and BTPs
EOUs have been allowed facility to set up warehouses near by port of export
STP units, EHTP units, software EOUs have been allowed the facility to use all duty free equipments/ goods for training purposes
100% EOU units have been allowed facility of supply of spares/ components up to 2% of the value of the manufactured articles to a buyer in domestic market for the purpose of after sales services
5 years for positive NFE can be extended by 1 year under adverse market condition, for EOU units to achieve NFE targets
Time period for validity of Letter of Permission (LOP) for EOUs/ EHTP/ STPI/ BTP units have been revised for faster implementation and monitoring of projects based on certain conditions
Rejected transferred goods from EOUs/ EHTP/ STPI units to other EOUs, EHTPs, STPs and SEZ units can be returned to supplying unit without payment of duty
Simplified procedure to fast track de- bonding/ exit of the STP/ ETP units
EOUs having physical export turnover of Rs. 10 crore and above, have been allowed the facility of fast track clearances of import and domestic procurement

Calicut Airport, Kerala and Arakonam ICD, Tamil Nadu have been notified as registered ports for import and export
Duty free preference extended to 33 LDCs across the globe
Vishakhapatnam and Bhimavaram in Andhra Pradesh have been announced as towns of export excellence in addition to 33 towns which were already recognized under the category
A new chapter, namely Chapter on Quality Complaints and Trade Disputes has been incorporated in the Foreign Trade Policy
A committee on Quality Complaints and Trade Disputes (CQCTD) is being constituted in 22 offices and would have members from EPCs/ FIEOs/ APEDA/ EICs
5 years for positive NFE can be extended by 1 year under adverse market condition, for EOU units to achieve NFE targets
Time period for validity of Letter of Permission (LOP) for EOUs/ EHTP/ STPI/ BTP units have been revised for faster implementation and monitoring of projects based on certain conditions
Rejected transferred goods from EOUs/ EHTP/ STPI units to other EOUs, EHTPs, STPs and SEZ units can be returned to supplying unit without payment of duty
Simplified procedure to fast track de- bonding/ exit of the STP/ ETP units
EOUs having physical export turnover of Rs. 10 crore and above, have been allowed the facility of fast track clearances of import and domestic procurement

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