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About Us
 
The Indo-American Management Group has been in the fields of Foreign Trade Consultancy for over 25 years, rendering consultancy to Indian Exporters, Importers and Manufacturers to fulfill their tailor-made requirements under the Foreign Trade policy, Custom Acts, etc. of Government of India.

Clients are counseled in areas of Export planning,marketing,sales promotions,distribution and re-distribution network , Import decision making, Negotiating MoUs with foreign corporates, achieving cost efficiency and financial economies of scale with regards to their Foreign trade developments-i.e. in Exports and Imports.

With the global trade opening its doors to liberalization with each passing day, the Indo-American Management Group consistently endeavors to adapt to the constantly changing foreign trade scenario with a disposition of professionalism strengthened by the pillars of experience and integrity.

We offer our professional consultancy in the areas of Authorisation / Licencing schemes of the Foreign Trade Policy, each of which has been briefly outlined as below:-

 
1. Focus Market Scheme

The objective of the Focus Market Scheme is to offset the high freight cost and other disabilities to select international markets with a view to enhance our export competitiveness to these countries.

Exports of all products to the notified countries shall be entitled for duty credit scrip equivalent to 2.5% of the FOB value of exports for each licensing year commencing from 1st April, 2006. The scrip and the items imported against it would be freely transferable.

Under the Scheme, export to all countries as specified in the Handbook of Procedures (Vol. I) shall qualify for export benefits with certain exceptions as outlined.

The Duty Credit may be used for import of inputs or goods including capital goods, provided the same is freely importable under ITC (HS).

Exporters shall have the option to apply for benefit either under the Focus Market Scheme or under the Focus Product Scheme or under Vishesh Krishi and Gram Udyog Yojana in respect of the same exported product/s.

 
2. Focus Product Scheme

The objective of the Focus Product Scheme is to incentivise export of such products which have high employment intensity in rural and semi urban areas so as to offset the inherent infrastructure inefficiencies and other associated costs involved in marketing of these products.

Exports of notified products to all countries shall be entitled for duty credit scrip equivalent to 1.25% of the FOB value of exports for each licensing year commencing from 1st April, 2006. The scrip and the items imported against it would be freely transferable.

Under the Scheme, export of such products as specified in the Handbook of Procedures (Vol. I) shall qualify for export benefits with certain exceptions as outlined.

The Duty Credit may be used for import of inputs or goods including capital goods, provided the same is freely importable under ITC (HS).

Exporters shall have the option to apply for benefit either under the Focus Market Scheme or under the Focus Product Scheme or under Vishesh Krishi and Gram Udyog Yojana in respect of the same exported product/s.

 
3. Vishesh Krishi Gram Upaj Yojana (VKGUY)

The objective of the Vishesh Krishi Gram Upaj Yojana (VKGUY) is to promote exports of

Agricultural produce and their Value added products
Minor Forest Produce and their value added variants
Gram Udyog Products
Forest Based Products

Duty scrip benefits are granted with aim to compensate high transport costs. Exporters of notified products shall be entitled for duty credit scrip equivalent to 5.00% of the FOB value of exports. The scrip and the items imported against it would be freely transferable.

All Status Holders shall be incentivised with duty credit script equal to 10% of FOB value of agricultural exports which can be used for duty free import / procurement of capital goods related to infrastructure meant for agro-processing to promote agricultural exports.

Under the Scheme, export of such products as specified in the Handbook of Procedures (Vol. I) shall qualify for export benefits with certain exceptions as outlined.

The Duty Credit may be used for import of inputs or goods including capital goods, provided the same is freely importable under ITC (HS).

Exporters shall have the option to apply for benefit either under the Focus Market Scheme or under the Focus Product Scheme or under Vishesh Krishi and Gram Udyog Yojana in respect of the same exported product/s.

 
4. Services Exports

With the new Foreign Trade Policy, the Government of India has aimed to accelerate the growth in export of services so as to create a powerful and unique ‘Served from India’ brand.

In light of the above, all Service providers who have a total foreign exchange earning or earning in Indian Rupees which are otherwise considered as having been paid for in free foreign exchange by RBI, of at least Rs.10 lakhs in the preceding or current financial year shall be eligible to qualify for duty credit scrip.

They shall be entitled to duty credit equivalent to 10% of the foreign exchange earned by them in the preceding financial year.

Duty credit entitlement may be used for import of any capital goods including spares, office equipment and professional equipment, office furniture and consumables, provided it is part of their main line of business.

 
5. 100% EOU, SEZ etc.

Units undertaking to export their entire production of goods and services (except permissible sales in the DTA), may be set up under the Export Oriented Unit (EOU) Scheme, Electronic Hardware Technology Park (EHTP) Scheme, Software Technology Park (STP) Scheme or Bio-Technology Park (BTP) scheme for manufacture of goods, including repair, re-making, reconditioning, re-engineering and rendering of services. Trading units, however, are not covered under these schemes.

Special Economic Zone (SEZ) is a specifically delineated duty free enclave and shall be deemed to be foreign territory for the purposes of trade operations and duties and tariffs.

SEZ units may be set up for manufacture of goods and rendering of services.

Goods and services going into the SEZ area from DTA shall be treated as exports and goods coming from the SEZ area into DTA shall be treated as if these are being imported.

The Income Tax exemption previously available to 100% EOUs u/s 10B of the IT Act, till 31.03.2009 has been extended for one more year.

 
Copyright © Indo-American Management Group, 2008-2009.