Seminar on FTP & Export Promotion Schemes
The Institute of Business Laws, in association with Lakshmikumaran & Sridharan, is organizing a seminar on 20th January, 2012 in New Delhi to guide exporters, importers, manufacturers and service exporters on Foreign Trade Policy and Export Promotion Schemes. This seminar is intended to discuss practical issues and difficulties faced by stake-holders while availing export promotion schemes as per Foreign Trade Policy and to devise strategies for optimising benefits.
Manufacturer-exporters are increasingly under pressure due to continued slowdown experienced by developed economies. The economic crisis in European and other markets has adversely affected realisations due to the exporters in India. In such difficult times, proper planning can result in effective utilisation of duty remission schemes like Advance Authorisation, Export Promotion Capital Goods (EPCG) and Duty Free Import Authorisation (DFIA) and maximise benefits available as per law.
Foreign Trade Policy, in recent times, has widened the coverage of reward schemes like Focus Market Scheme (FMS), Focus Product Scheme (FPS) and Served From India Scheme (SFIS) besides introducing new Status Holders Incentive Scrip (SHIS). Trade and industry need to devise strategies which will contribute to increased export earnings while availing benefit of these reward schemes.
Procedural issues while interacting with DGFT/RA and Customs are numerous. Redemption and EODC, leasing of capital goods, set-off of EO, extension of EO period, clubbing of authorisations, revalidation, revision of SION, ARO, execution of BG/LUT, transfer of imported goods and import of restricted items by hotels, travel agents and tour operators, are some of the areas requiring clarity and expert guidance. Export Oriented Units (EOU) need appropriate exit strategies to reduce tax expenses and also to adopt alternative routes like conversion to EPCG.
The seminar will provide clarity on a host of issues faced by exporters, importers, manufacturers holding authorisations like Advance Authorisation or EPCG, EOUs and service providers using SFIS / EPCG.
For details refer website: www.iblglobal.com