Description
Official development assistance (ODA) is a term coined by the Development Assistance Committee (DAC) of the Organisation for Economic Co-operation and Development (OECD) to measure aid.
INTRODUCTION: Market developing assistance is provided for meeting the expenditure on export promotion scheme and projects for the development of market abroad for Indian products. It is available for sponsoring trade delegation abroad, market studies, publicity, setting of warehouse/showroom, research and development, quality control, etc. it is available to an individual/organization engaged in/concerned with export marketing. BENEFICIARIES: It is available largely to; Æ Export houses. Æ Trading houses. Æ Star trading houses. Æ Super Star trading houses. Æ Individual exporter or other persons sponsored or drafted by the approved organization such as EPC, IIFT, IIP, FIEO, MOC etc. The MDA grants disbursed by two agencies namely: I. Federation of Indian export organization (FIEO) II. Ministry of Commerce (MOC). BENEFITS AVAILABLE UNDER MARKET DEVELPOMENT ASSISTANCE SCHEME The consultancy firms may be provided assistances from the MDA for the following type of activities and at the specified rate. I. Export Publicity Assistance- for publicity campaign at 60% of the net expenditure after taking into account the revenue from sales and advertisement for publishing magazines including journals, directories, brochure, pamphlets, etc. for use abroad. II. For organization of trade fairs and exhibition. III. Overseas market surveys/studies- for undertaking market studies abroad at 80%. IV. MDA for opening foreign offices and other export activities- for opening an operating foreign office at 60% of the approved expenditure for the first two years, 40% for the next two years and 25% for the fifth year. V. 40% of the expenditure on brand publicity. VI. 60% of the approved expenditure to consultancy firms undertaking feasibility studies abroad on their own initiative. Cost of such studies includes cost on international travel, boarding etc. the firms having a minimum annual turnover of Rs. 10 lacs are entitled for this benefits. VII. 50% reimbursement of the cost of preparation and submission of bids for turnkey/construction projects/ operational and maintenance of services contracts/consultancy contracts subject to standard cost ceilings on different bids.
VIII. 2.5% of bid value upto Rs. 50 lacs relating to consultancy projects. The assistance will go upto to2.5% of Rs. 50 lacs plus 1% of the incremental cost of project beyond Rs. 50 lacs subject a maximum of Rs. 6 lacs. IX. 50% of the financing cost of bid bond. X. Sponsoring trade delegations and study-cum-sales teams. XI. Foreign exchange for specified purposes. XII. Exemption/rebate in income tax on exports or foreign exchange earnings. XIII. Reimbursement of central sale tax is exemption form sales tax.
doc_240245371.doc
Official development assistance (ODA) is a term coined by the Development Assistance Committee (DAC) of the Organisation for Economic Co-operation and Development (OECD) to measure aid.
INTRODUCTION: Market developing assistance is provided for meeting the expenditure on export promotion scheme and projects for the development of market abroad for Indian products. It is available for sponsoring trade delegation abroad, market studies, publicity, setting of warehouse/showroom, research and development, quality control, etc. it is available to an individual/organization engaged in/concerned with export marketing. BENEFICIARIES: It is available largely to; Æ Export houses. Æ Trading houses. Æ Star trading houses. Æ Super Star trading houses. Æ Individual exporter or other persons sponsored or drafted by the approved organization such as EPC, IIFT, IIP, FIEO, MOC etc. The MDA grants disbursed by two agencies namely: I. Federation of Indian export organization (FIEO) II. Ministry of Commerce (MOC). BENEFITS AVAILABLE UNDER MARKET DEVELPOMENT ASSISTANCE SCHEME The consultancy firms may be provided assistances from the MDA for the following type of activities and at the specified rate. I. Export Publicity Assistance- for publicity campaign at 60% of the net expenditure after taking into account the revenue from sales and advertisement for publishing magazines including journals, directories, brochure, pamphlets, etc. for use abroad. II. For organization of trade fairs and exhibition. III. Overseas market surveys/studies- for undertaking market studies abroad at 80%. IV. MDA for opening foreign offices and other export activities- for opening an operating foreign office at 60% of the approved expenditure for the first two years, 40% for the next two years and 25% for the fifth year. V. 40% of the expenditure on brand publicity. VI. 60% of the approved expenditure to consultancy firms undertaking feasibility studies abroad on their own initiative. Cost of such studies includes cost on international travel, boarding etc. the firms having a minimum annual turnover of Rs. 10 lacs are entitled for this benefits. VII. 50% reimbursement of the cost of preparation and submission of bids for turnkey/construction projects/ operational and maintenance of services contracts/consultancy contracts subject to standard cost ceilings on different bids.
VIII. 2.5% of bid value upto Rs. 50 lacs relating to consultancy projects. The assistance will go upto to2.5% of Rs. 50 lacs plus 1% of the incremental cost of project beyond Rs. 50 lacs subject a maximum of Rs. 6 lacs. IX. 50% of the financing cost of bid bond. X. Sponsoring trade delegations and study-cum-sales teams. XI. Foreign exchange for specified purposes. XII. Exemption/rebate in income tax on exports or foreign exchange earnings. XIII. Reimbursement of central sale tax is exemption form sales tax.
doc_240245371.doc