Income tax benefit to 100% EOUs has been extended by Government.
Coverage of FMS has been increased and additional 10 countries have been included. These are Mongolia, Bosnia-Herzegovina, Albania, Macedonia, Croatia, Honduras, Djibouti, Sudan, Ghana and Colombia.
Split-up facility under DFIA Scheme introduced.
Duty free import of samples has been increased from Rs.75, 000 to Rs.1, 00,000.
Value of jeweler parcels, through Foreign Post Office is raised to US$ 75,000. Earlier it was from US$ 50,000.
EOUs shall be allowed to pay excise duty on monthly basis, instead of the present system of paying duty on consignment basis.
Customs duty payable under EPCG Scheme has been reduced from 5% to 3%.
Setting up a new Export Promotion Council for Telecom Sector.
