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Vishesh Krishi Upaj Yojana has been notified with an objective to promote export of fruits, vegetables, flowers, minor forest produce, dairy, poultry and their value added products by incentivising export of such products. The exporters of such products are entitled for duty credit scrip equivalent to 5% of FOB value of exports for each licensing year commencing from 1st April, 2004. However, dairy, poultry and their value added products shall qualify for benefits in respect of exports made on or after 1st April, 2005. The scrip and the items imported against it are freely transferable. The details of the scheme are given in the Book titled “Foreign Trade Policy 2004-09 updated as on 31-3-2005”. The scheme is in operation for exports effected in 2004-05 onwards.
Currently, applications are being received for awarding benefits under Vishesh Krishi Upaj Yojana and the last date for exports of 2004-05, is 31st December, 2005.
This was stated by Shri E.V.K.S. Elangovan, Minister of State for Commerce & Industry, in a written reply in the Rajya Sabha today.
SB/MRS
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