The objective of the Scheme is to incentivize incremental exports. An IEC holder would be entitled for duty credit scrip @2% on the incremental growth during the period January-March 2013 over the base period January-March 2012 on the FOB value of exports. Incremental growth shall be in respect of each exporter (IEC holder) without any scope for combing the exports of Group Company. Incentive will be admissible only if the IEC holder has achieved growth in the financial year 2012-13 vis-a-vis financial year 2011-12. The quantum of benefit will be calculated on the incremental growth achieved subject to eligibility criteria given in para 3.14.4(d) of FTP 2009-14. Incremental growth should be in terms of freely convertible currency to the designated markets. For proof of landing in designated markets, provisions of para 3.8.2 of HBP vl shall be applicable.
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