Smart Exports - Your Partner in End-to-End Maximization of Export & Import Incentive Schemes in India
We are an integrated team of CA's, Lawyers and Management Consultants ensuring that all processes are done with proper Compliance as per the Government Rules & Regulations. Powered by our experience and technical expertise we deliver end-to-end results to help businesses grow. From large brands to growing small and medium businesses, we work with 100's of companies across the nation to create what's next in the Foreign Trade Policy of India for our Clients. We are a Leading SEIS, MEIS, DGFT, EXIM and Export Promotion Schemes Consultant in India specializing in consultation, application, submission and monetization of the incentive schemes under the Foreign Trade Policy of India. While working with us Clients have to make no investment of time, money and manpower. We take care of your export incentives so that you can concentrate on your core Business.
Export Promotion Schemes
Foreign Trade Policy 2015-20 and other schemes provide promotional measures to boost India’s exports with the objective to offset infrastructural inefficiencies and associated costs involved to provide exporters a level playing field. Brief of these measures are as under:
SEIS (Service Export from India Scheme)
Service providers of notified services are eligible for incentive from 5 or 7% of net foreign exchange earned in a financial year. This incentive is given in the form of duty credit scrips which are freely transferable and can be monetized. We help our clients to maximise this benefit
EOU/ EHTP/ STP & BTP Schemes
Units undertaking to export their entire production of goods and services may be set up under this scheme for import procurement domestically without payment of duties. We provide consulting to our clients on Practical Solutions for maximizing these benefits under these schmes
MEIS (Merchandise Export India Scheme)
Under this scheme, exports of notified goods/ products to notified countries are granted freely transferable duty credit scrips on realized FOB value of exports in free foreign exchange at specified rate (2, 3, 5, 7 or 10%). We help our clients to get these scrips and monetize them.
Duty Exemption & Remission Schemes
There are 5 different schemes under this category
1. Advance Authorization Scheme
2. Advance Authorization for annual requirement.
3. Duty Free Import Authorization (DFIA) Scheme.
4. Duty Drawback of Customs/Central Excise
5. Duties/Service Tax.
Rebate of Service tax through all industry rates.
Zero duty EPCG scheme allows import of capital goods for pre-production, production and post production at zero Customs duty. The export promotion capital goods scheme can be taken both post exports and pre exports. The export requirement discharged would require fulfillment of specific export obligation in addition to the existing Average export performance over a period of three years.
These include below
1. Towns of Export Excellence.
2. Rebate of duty on “export goods” and “material” used in manufacture of such goods.
3. Export of goods under Bond i.e. without payment of excise duty
4. Market Access Initiative -MAI
5. Status Holder Scheme- *Star Export House
DGFT and EXIM Consuting
We provide consulting on below matters apart from Export promotion schemes
1. Import Export Code (IEC) number
2. IEC Modification
3. SION Norms Fixation
4. Any documentation/ assistance related to DGFT
5. Export Import (EXIM) Consultancy.
6. Deemed Exports
7. Concessional Imports etc.