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Copper Utensils Export: Shubhanshi Mittal Bba-Ib, Semester 5 Section D A1833318022

The document discusses export incentives and schemes for copper utensils from India. It outlines the HS code for copper household items and the governing Export Promotion Council for Handicrafts. Key export incentives mentioned include MEIS, advance authorization scheme, duty drawback, EPCG scheme, and central excise duty exemption. Organizations that help promote exports from India like ECGC and FIEO are also listed. Special benefits for MSMEs and SEZs are highlighted. In recent years, India has struggled to compete with copper imports and become a net importer due to plant closures.

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Shubhi Mittal
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55 views10 pages

Copper Utensils Export: Shubhanshi Mittal Bba-Ib, Semester 5 Section D A1833318022

The document discusses export incentives and schemes for copper utensils from India. It outlines the HS code for copper household items and the governing Export Promotion Council for Handicrafts. Key export incentives mentioned include MEIS, advance authorization scheme, duty drawback, EPCG scheme, and central excise duty exemption. Organizations that help promote exports from India like ECGC and FIEO are also listed. Special benefits for MSMEs and SEZs are highlighted. In recent years, India has struggled to compete with copper imports and become a net importer due to plant closures.

Uploaded by

Shubhi Mittal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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COPPER UTENSILS EXPORT

Shubhanshi mittal
BBA-IB, SEMESTER 5
SECTION D
A1833318022
HS CODE AND GOVERNING ORGANIZATION
HS Codes of Heading 74181022 : TABLE, KITCHEN OR OTHER HOUSEHOLD ARTICLES
AND PARTS THEREOF, OF COPPER; POT SCOURERS AND SCOURING OR POLISHING PADS, GLOVES AND
THE LIKE, OF COPPER; SANITARY WARE AND PARTS THEREOF, OF COPPER:Table, kitchen or other
household articles and parts thereof; not scourers and scouring or polishing pads, gloves and the
like:Table, kitcehn or other house hold articles and parts thereof Pot scourers and scouring orpolishing
pads, gloves and the like: Utensils of Copper

ORGANIZATION: EXPORT PROMOTION COUNCIL FOR HANDICRAFTS (EPCH)


EXPORT FROM INDIA SCHEME

MEIS (Merchandise Exports from India Scheme)

• MEIS scheme for exporters was introduced in recent Foreign Trade


Policy of India 2015-20 by combining previous different schemes such as
Vishesh Krishi Gram Udyog Yojana (VKGUY), Focus Product Scheme
(FPS), Agri-Infrastructure Incentive Scrip), Market Linked Focus Product
Scheme (MLFPS) etc with modification.
• MEIS scheme helps exporters in payment of Customs Duties for import
of inputs or goods, payment of excise duties on domestic procurement
of inputs or goods, payment of service tax on procurement of services,
payment of Customs Duty and fee etc
• For copper products it is 2%
INCENTIVES
•  Duty exemption / remission scheme

Advance Authorization scheme (AAS)-Advance authorization Scheme (AAS) exporter can import
raw-materials and related inputs under 100% duty exemption schemes. Government fixes value
addition as per the standard input-output norms. Once you fulfills the export obligation with the
licensing authority, you can sell the manufactured products in domestic market.
It is 8% for copper products

Export Duty Drawback of Customs, Central Excise and Service Tax


Duty paid inputs against exported products is refunded to exporters in the form of Duty Drawback.
If the rates of such items are scheduled under Drawback schedule, the amount of drawback is
refunded accordingly. If not scheduled, a separate application has to be filed to fix Brand Rate.
INCENTIVES

• EPCG SCHEME TO PROMOTE EXPORTS -Export Promotion Capital


Goods (EPCG) scheme helps exporters to import capital goods with
zero import duty for the purpose of production of export products
with a commitment of export obligation period with licensing
authority. Certain rate of relaxation is allowed to sell in local market
after fulfilling export obligation.

• CENTRAL EXCISE REBATE OF DUTY FOR EXPORTERS- Rebate of duty


paid on excisable goods exported or duty paid on the material used in
manufacture of such export goods may be claimed.
INCENTIVES
• CENTRAL EXCISE DUTY EXEMPTION ON EXPORTS
Excisable goods are exempted to pay export excise duty with simple
procedures with central excise department. Necessary registration of
premise, factory or warehouse is required to be completed with concerned
central excise department by executing bond
• SALES TAX / VAT EXEMPTION TO EXPORTERS
No sales tax is required to pay for exports. The facility is extended to the
suppliers of goods for export also. Value Added Tax (VAT) is also exempted
for export goods. The details of such exemption of sales tax / VAT is available
with the concerned Sales Tax Department.
ORGANISATIONS HELPING IN PROMOTING EXPORTS
FROM INDIA
ECGC (EXPORT CREDIT GUARANTEE CORPORATION)
• Export Credit Guarantee Corporation (ECGC) protects exporters in covering credit risk of
overseas buyers. 

FEDERATION OF INDIAN EXPORTERS ORGANISATION


• FIEO also plays a major role in promoting exports in India by assisting exporters in various ways.

EXPORT SUPPORT FROM CHAMBERS OF COMMERCE


• Chamber of Commerce at different parts of the country and Federation of Indian Chamber of
Commerce and Industry (FICCI) help exporters in various ways to promote exporters in earning
foreign currency to strengthen economy.
EXPORT ASSISTANCE FROM INDUSTRIES’ ASSOCIATIONS
• exporter’s association takes up their issues with government time to time, so as to enable the government to
introduce new policy or to amend existing one.
BENEFITS TO SPECIAL GROUP OF EXPORTERS

• Benefits for exporters from certain regions


• Income tax exemptions for small and medium
enterprises MSME
• . Export supports to Special Economic Zones
• Export benefits to Free Trade Zones (FTZ)
Impact on copper exports

• 2015-industry is struggling to maintain its ability to compete with imports, with


FTAs bringing the duty on refined copper from Japan and Asean nations down to
2.73%.
• 2018- From a net export in FY18, the country has now become a net importer of
copper. With Sterlite being denied permission to reopen its unit in Tamil Nadu,
India is likely to depend on imports for refined copper for the foreseeable future.

• 2020- India is planning to raise surveillance of copper and aluminium imports


while developing policies to curb shipments from China and other Asian nations to
protect domestic producers

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