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  • Rubber, cashew nut sectors get export incentives

    Oct 31st, 2015

    <p>New Delhi: The Directorate General of Foreign Trade has issued an order granting incentives for the export of rubber products and boosting incentives for cashew nut exports.The decision has been taken to help exporters tide over the global recession.Duty relief has been granted to value-added or processed rubber products. Duty relief ranging from 2-5 per cent will be given according to the product and the country of destination.Besides textiles, pharmaceutical products and vehicle parts, telecom, computer, electrical, electronic and railway equipment too will get export incentives.Products of small and medium ventures will get more incentives. Machine parts, farm equipment, dairy equipment, food processing equipment and cycle parts too will be given incentives.Incentives given for the export of some leather products, iron and metals have been extended to more countries.More incentives will be given for the export of ready-made dresses, paper products and handmade woollen shawls. Medical equipment, sports equipment, chemicals and plastic, among others, have been included in the list of products that get incentives for export.<b></b><br></p>


    Source: www.english.manoramaonline.com/
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