Target plus Scheme

Target plus Scheme – introduced in the NFTP 04. Under the scheme, exporters achieving a quantum growth in exports are entitled to duty free credit based on incremental exports substantially higher than the general actual export target fixed. Rewards are granted based on a tiered approach for incremental growth of over 20 percent 25 percent and 100 per cent, the duty free credits are 5 per cent, 10 percent and 15 per cent of f. o. b value of incremental exports.