TIOL-DDT 1209 · Tuesday, 6 October 2009 · story 2 of 5

I. New schemes.

(1) Status Holder Incentive Scheme (SHIS) : Under the scheme, Status Holders are entitled to incentive scrip @1% of FOB value of export of goods of certain specified sectors made during 2009-10 and during 2010-11. Notification No. 104/2009- Cus dated 14.9.2009 has been issued to operationalize the SHIS .

(2) Agri -Infrastructure Incentive Scrip (AIIS). This was part of the Vishesh Krishi and Gram Udyog Yojana ( VKGUY ) scheme. A new name has been given to such scrips in the Policy. The scrips issued under the scheme would be allowed for import of specified agri -equipments with actual user condition, as was the case earlier. One important change is that now, transferability of the scrips amongst status holders has been permitted for import of cold chain equipment only without breaking the actual user condition . Notification No. 94/2009- Cus dated 11.9.2009 has been issued to operationalize the scheme.

(3) Zero duty Export Promotion Capital Goods (EPCG) Scheme : The scheme is applicable to certain specified sectors and will be valid up to 31.3.2011. Notification No. 102/2009- Cus dated 11.9.2009 & Notification No. 101/2009- Cus dated 11.9.2009 have been issued to operationalize Zero Duty EPCG Scheme and Zero Duty EPCG Scheme for Common Service Providers.