Export Import Incentive Schemes in India

The Export-Import Incentive Schemes module: developed to provide a financial rich functionality to the manufacturing industries for integrating all the EXIM incentive schemes. And according to the Foreign Trade policy norm, this scheme integrates the entire compliance into a single process, all in one step.

Under the EXIM module following incentive schemes are covered:

1. Duty Exemption Schemes:

• Advance Authorisation (AA)
• Duty-Free Import Authorisation (DFIA)

• Duty Drawback (DBK)

3. Export promotion capital goods scheme

Benefits:

• Crucial analyses of final position for every Incentive schemes
• Multi-dimensional functionality like Import-to-Export and Export-to-Import utilization
• Match up with the turnover of exports made under each block year with an annual average turnover of exports
• Comprehensive details of Imports and Exports made and Indian taxation configuration under the Incentive schemes
• Tracing between Shipping bill and Duty Drawback applied till the amount realized from the DGFT

Features:

• Posting of Tax relieved based on license selection on Bill of entry
• Featuring various inquiry forms in relation to export-import transactions
• Automation of compliances to prevent levy of heavy penalties
• Auto Calculation of Duty Drawback value from the shipping bill
• Auto Accounting entry for Duty Drawback benefits and auto entry received from the DGFT