Types of Export Incentive Schemes in India

India is one of the fastest-growing economies in the world. The Indian government has formulated many economic policies to support economic development.

The government has taken initiatives to improve exports conditions and introduced reforms to simplify the export process and make it more flexible.

These economic reforms have emphasized open market economic policies. The following are some export incentive schemes:

· Advance Authorization Scheme

· Advance Authorization for Annual Requirement

· Export Duty Drawback for Customs, Central Excise, and Service Tax

· Service Tax Rebate

· Duty-Free Import Authorization

· Zero Duty EPCG

· Post Export EPCG Duty Credit Scrip Scheme

· Towns of Export Excellence

· Market Access Initiative  Scheme

· Marketing Development Assistance Scheme

· Merchandise Exports from India Scheme

All the export incentive schemes have helped strengthen the Indian export sector.