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Duty drawback is a refund of customs duties, taxes, and fees paid on imported goods that are subsequently exported. This incentive encourages exports by reducing the overall cost of production. Exporters can claim duty drawback after fulfilling specific documentation and procedural requirements, ensuring compliance with export regulations and promoting cost-efficient international trade.
Export oriented units (EOUs) are businesses set up specifically to produce goods for export. They are granted various benefits, such as duty-free import of raw materials, tax exemptions, and simplified customs procedures. EOUs aim to boost export production, attract foreign investment, and contribute to the growth of the export sector
Learn moreExport promotion councils (EPCs) are organizations set up by the Indian government to promote and support the export activities of various sectors. EPCs provide guidance, market information, and support for exporters, helping them expand their international market reach and comply with global trade regulations. They also organize trade fairs and
Learn moreExport promotion schemes are initiatives by the government to support and enhance the country's export activities. These schemes provide various incentives, such as tax benefits, financial assistance, and infrastructure support, to exporters. The goal is to increase the country's export performance, diversify export markets, and strengthen
Learn moreAn export subsidy is a financial benefit provided by the government to encourage businesses to export goods and services. Subsidies can take various forms, such as direct cash payments, tax reductions, or support for production costs. The aim is to make exports more competitive in the global market by lowering
Learn moreExport violations occur when a company or individual fails to comply with export control regulations and laws. These violations can include unauthorized exports, failure to obtain required licenses, providing false information on export documentation, and exporting to prohibited destinations or parties, often resulting in severe penalties, fines, or legal action.
Learn moreEXW (Ex works) is an incoterm where the seller makes the goods available at their premises. The buyer is responsible for all transportation costs, risks, and customs clearance from the seller's location to the final destination. EXW places minimal responsibility on the seller, making it favorable for sellers
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