abhishreshthaa
Abhijeet S
Export Incentive Scheme
The Commission in its Meeting No.526th dated 24.02.2004 considered the proposal of Ministry of Commerce for extending "Marketing Development Assistance (MDA) to Exporters" and decided to launch an Export Incentive Scheme for exporters of KVI products.
[A doubt has recently arisen whether the REGP units (both KVIC/KVIB's affiliated) are also entitled for these benefits. As a part of persistent effort to boost exports in the KVI Sector it has now been decided to extend the benefit of 'Export Incentive Schemes' to REGP Units also both KVIC & KVIB's affiliated in addition to the KVI Institutions under the KVI Sector.]
Visits abroad for participating in international trade fairs/exhibitions and sales & study tour etc.
(a) The KVI institutions/REGP units registered with KVIC/KVIB nominated by KVIC for participating in "International Exhibitions" are provided 90% to and fro airfare by economy class.
(b) The KVI institutions/REGP units registered with KVIC/KVIB nominated by KVIC for participation in "Sale cum Study Tour" abroad are provided 90% to and fro airfare by economy class.
(c) The KVI institutions/REGP units registered with KVIC/KVIB nominated by KVIC for participating in "Sales cum Study Tour " / Exhibitions/ Buyer Seller Meet etc. abroad, are reimbursed 25% of the total approved cost with an upper ceiling of Rs.15,000/- per event, towards actual expenditure incurred on publicity in terms of bringing out product catalogue, brochure, hand outs etc.
(d) Assistance for visits abroad is applicable only in case of visits organized and sponsored by KVIC. Participation by individual units of their own is not considered for assistance.
Export Incentive for exports effected:-
The Export incentive at 5% of actual export realization on FOB value of exports is extended to exporting KVI institutions/REGP units under KVI Sector as per terms and conditions blow:-
(a) All export-oriented units/institutions under KVIC including the direct listed units of KVIC, KVIB and their aided agencies, REGP Units enlisted with the Directorate of Marketing have to submit the export claims every year and forward the same with supporting documents like G.R. forms/Shipping bills, Original bank certificate, Audited balance sheet etc. duly countersigned by the concerned State/Divisional Directors of the Commission.
(b) Directorate of Marketing examines the claims reckoning those with dues to be recovered from the Institution/REGP Unit against loans availed or any other recovery.
(c) The claim (excluding recoveries effected) are vetted by Director (Finance) and sanctioned with the approval of the competent authority.
(d) Sanction Orders are sent to the Director of Accounts who disburses the incentive to the said institution/ REGP unit from out of G &M funds earmarked for the purpose after deduction of Commission's dues, if any.
(e) The assistance/support is extended only to KVI Institutions/REGP Units, KVIC/KVIB and their aided units.
The Commission in its Meeting No.526th dated 24.02.2004 considered the proposal of Ministry of Commerce for extending "Marketing Development Assistance (MDA) to Exporters" and decided to launch an Export Incentive Scheme for exporters of KVI products.
[A doubt has recently arisen whether the REGP units (both KVIC/KVIB's affiliated) are also entitled for these benefits. As a part of persistent effort to boost exports in the KVI Sector it has now been decided to extend the benefit of 'Export Incentive Schemes' to REGP Units also both KVIC & KVIB's affiliated in addition to the KVI Institutions under the KVI Sector.]
Visits abroad for participating in international trade fairs/exhibitions and sales & study tour etc.
(a) The KVI institutions/REGP units registered with KVIC/KVIB nominated by KVIC for participating in "International Exhibitions" are provided 90% to and fro airfare by economy class.
(b) The KVI institutions/REGP units registered with KVIC/KVIB nominated by KVIC for participation in "Sale cum Study Tour" abroad are provided 90% to and fro airfare by economy class.
(c) The KVI institutions/REGP units registered with KVIC/KVIB nominated by KVIC for participating in "Sales cum Study Tour " / Exhibitions/ Buyer Seller Meet etc. abroad, are reimbursed 25% of the total approved cost with an upper ceiling of Rs.15,000/- per event, towards actual expenditure incurred on publicity in terms of bringing out product catalogue, brochure, hand outs etc.
(d) Assistance for visits abroad is applicable only in case of visits organized and sponsored by KVIC. Participation by individual units of their own is not considered for assistance.
Export Incentive for exports effected:-
The Export incentive at 5% of actual export realization on FOB value of exports is extended to exporting KVI institutions/REGP units under KVI Sector as per terms and conditions blow:-
(a) All export-oriented units/institutions under KVIC including the direct listed units of KVIC, KVIB and their aided agencies, REGP Units enlisted with the Directorate of Marketing have to submit the export claims every year and forward the same with supporting documents like G.R. forms/Shipping bills, Original bank certificate, Audited balance sheet etc. duly countersigned by the concerned State/Divisional Directors of the Commission.
(b) Directorate of Marketing examines the claims reckoning those with dues to be recovered from the Institution/REGP Unit against loans availed or any other recovery.
(c) The claim (excluding recoveries effected) are vetted by Director (Finance) and sanctioned with the approval of the competent authority.
(d) Sanction Orders are sent to the Director of Accounts who disburses the incentive to the said institution/ REGP unit from out of G &M funds earmarked for the purpose after deduction of Commission's dues, if any.
(e) The assistance/support is extended only to KVI Institutions/REGP Units, KVIC/KVIB and their aided units.