SPECIAL FOCUS MARKET SCHEME (SFMS)
Objective: To offset high freight cost and other externalities to select international markets with a view to enhance India's export competitiveness in select countries.
Eligibility: Exporters of all products to select countries (see below)
Incentive: Transferable / sellable duty credit @ 4% of FOB value of exports in foreign exchange from 01.04.2011.
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Special Focus Market Countries
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*NEW* Country for exports from 1st May 2013 |
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1 |
VENEZUELA |
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Country for exports from 1st January 2013 |
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1 |
ERITREA |
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Countries for exports from 5th June 2012 |
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1 |
BELIZE |
2 |
CHILE |
3 |
GUATEMALA |
4 |
EL SALVADOR |
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5 |
HONDURAS |
6 |
MOROCCO |
7 |
URUGUAY |
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Countries for exports from 1st April 2011) |
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Countries in African Block |
Countries in Latin America Block |
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1 |
ANGOLA |
12 |
MALAWI |
1 |
ARGENTINA |
7 |
MEXICO (NEW) |
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2 |
CAMEROON |
13 |
MALI |
2 |
COLOMBIA |
8 |
NICARAGUA |
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3 |
CONGO D. REPUBLIC |
14 |
NAMIBIA |
3 |
COSTA RICA |
9 |
PARAGUAY |
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4 |
CONGO P. REPUBLIC |
15 |
RWANDA |
4 |
CUBA (NEW) |
10 |
PANAMA REPUBLIC |
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5 |
COTE D' IVOIRE |
16 |
SENEGAL |
5 |
ECUADOR |
11 |
PERU |
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6 |
ETHIOPIA |
17 |
SIERRA LEONE |
6 |
HAITI |
12 |
URUGUAY |
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7 |
GABON |
18 |
SUDAN |
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8 |
GAMBIA |
19 |
TUNISIA |
Countries in CIS-CAR |
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9 |
GHANA |
20 |
UGANDA |
1 |
ARMENIA |
5 |
KYRGYZSTAN |
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10 |
LIBERIA |
21 |
ZAMBIA |
2 |
AZERBAIJAN |
6 |
TAJIKISTAN |
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11 |
MADAGASCAR |
3 |
BELARUS |
7 |
UZBEKISTAN |
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4 |
KAZAKHSTAN |
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*All above subject to EXIM policy in force