Target Plus Scheme - DGFT amends
Under the Target Plus scheme, the duty credit as a percentage of incremental growth in exports were five percent for growth between 20 and 25%, ten percent for growth between 25% and 100% and fifteen percent of hundred percent for growth above 100%. Now this is changed to a flat rate of 5% of the incremental growth subject to the condition that there should be a minimum incremental growth of 20%.
DGFT Notification No. 8/2004-09 dated June 12th, 2006