Highlights on SFIS-VKGUY-SHIS-DFIA schemes



           






  Served from India Scheme (SFIS)

 

1  Service providers are entitled to duty credit scrips under Served from India Scheme at the rate of 10% of free foreign exchange earned during a financial year. The entitlement shall now be calculated on the basis of net free foreign exchange earned (i.e., after deducting foreign exchange spent from the total foreign exchange earned during the financial year).

 2   Service exporters who are also engaged in manufacturing activity are permitted to use SFIS duty credit scrip for importing/ domestically procuring capital goods as defined in para 9.12 of FTP including spares related to manufacturing sector business of the service provider. 

3 Hotels, travel agents, tour operators or tour transport operators and companies owning/operating golf resorts having SFIS scrip can import or domestically procure motor cars, SUVs and all purpose vehicles using SFIS scrips for payment of duties. Such vehicles need to be registered for “tourist purpose” only.

                VKGUY Scheme

 

vkguy
            1  There is a limiting provision which restricts benefit of VKGUY to a reduced rate of 3% when a particular item avails
            drawback at more than 1% rate. It has been decided to delete para 3.13.3 of FTP.
            2     Limited  transferability  of  the  Agri  Infrastructure  Incentive  Scheme 

(AIIS) scrip from status holder to the supporting manufacturer (of the status holder exporter) who is neither a status holder nor has a unit in a Food Park (and is not a developer) shall be allowed. Such transfer from the status holder would be endorsed by the Regional Authority.

 

           Status Holder Incentive Scheme (SHIS) 

 

shis
1 Status Holder Incentive Scheme (SHIS) was extended for the year 2012-13. The scheme will not be available for the year 2013-14. Regional Authority shall allow limited transferability of SHIS scrip within group company of the status holder provided the group company is a manufacturer.

            Duty Free Import Authorization Scheme (DFIA)

 

 Anti Dumping Duty and Safeguard Duty was exempted under DFIA Scheme.

 Exemption from payment of Anti Dumping Duty and Safeguard Duty shall henceforth not be available after endorsement of transferability of such authorizations