Jharkhand Export Policy 2023
The Jharkhand Export Policy 2023 aims to boost exports from the state to reach a 5% share of national exports by 2028. It targets export-oriented units (EOUs) exporting over 50% of their production, offering key incentives such as a 5% capital interest subsidy, 100% electricity duty reimbursement, transport subsidies up to ₹20 lakhs per year, and export development assistance for trade fairs.
Key Summary
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Related schemes
All schemes →EOU Scheme
A premier central government export promotion scheme offering 100% duty-free import and domestic procurement of capital goods, raw materials, and components. It targets export-oriented manufacturing and service units, allowing them to operate with tax exemptions and streamlined clearances subject to achieving positive Net Foreign Exchange (NFE) earnings over a 5-year block period.
Duty Drawback Scheme (under the Customs Act, 1962)
The Duty Drawback Scheme provides exporters with a rebate of customs and central excise duties paid on inputs used in manufacturing exported goods, or a refund of up to 98% of import duties on goods re-exported within two years. It aims to offset the duty burden on exported products to make Indian exports globally competitive.
Rebate of State and Central Levies and Taxes (RoSCTL) Scheme
The RoSCTL scheme rebates all embedded State and Central taxes and levies on exports of garments and made-ups. It provides assistance in the form of transferable duty credit scrips to enhance the global competitiveness of the Indian textile sector.