Home India Ministry of Commerce and Industry In exercise of powers conferred by Section 5 of Foreign Trad...
Date: 2019-03-29 Category: Extra Ordinary State: Union Government Country: India

In exercise of powers conferred by Section 5 of Foreign Trade Development and Regulation Act 1992

Issued by Ministry of Commerce and Industry · Department of Commerce

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Executive Summary & Key Takeaways

Executive Summary: This notification adds Chapter 7A to the Foreign Trade Policy 2015-2020, incorporating the Transport and Marketing Assistance (TMA) scheme for specified agriculture products. This is in accordance with the Department of Commerce Notification No. 173/2018-EP Agri.IV dated 27.02.2019. The scheme provides assistance for the export of specified agricultural products to specific destinations. The notification was issued on March 29, 2019. Key Points / Main Content: * **Addition to Foreign Trade Policy:** Chapter 7A is added to the Foreign Trade Policy 2015-2020. * **TMA Scheme Incorporation:** The Transport and Marketing Assistance (TMA) scheme for specified agriculture products is included in the Foreign Trade Policy. * **Reference Notification:** The TMA scheme details are as per Department of Commerce Notification No. 173/2018-EP Agri.IV dated 27.02.2019, as amended. * **Destination Specific Assistance:** TMA is available for exports of specified agricultural products to specified destinations. * **Procedure for Availing Assistance:** The procedure to avail assistance is outlined in Chapter 7A of the Handbook of Procedures, 2015-20. * **Notification Availability:** A copy of Notification No. 173/2018-EP Agri.IV is available in the Handbook of Procedures 2015-20. Impact Analysis: **Exporters of Specified Agricultural Products:** * Impact: Can benefit from the Transport and Marketing Assistance (TMA) scheme for exports to specified destinations, potentially reducing transportation and marketing costs. * Action Required: Review Department of Commerce Notification No. 173/2018-EP Agri.IV and Chapter 7A of the Handbook of Procedures, 2015-20 to understand eligibility criteria, applicable destinations, and the application process for availing TMA benefits. **Department of Commerce:** * Impact: Responsible for implementing and monitoring the TMA scheme as part of the Foreign Trade Policy 2015-2020. * Action Required: Ensure the effective administration of the scheme, including updating the Handbook of Procedures and providing necessary guidance to exporters.

Key Entities Referenced

Foreign Trade Policy 2015-2020: A trade policy document amended by the notification to include Chapter 7A. Transport and Marketing Assistance TMA for Specified Agriculture Products: A scheme incorporated into the Foreign Trade Policy 2015-2020, providing assistance for the transport and marketing of specific agricultural products. Foreign Trade Development and Regulation Act, 1992: The Act of Parliament that provides the central government with powers to amend foreign trade policy. Department of Commerce: The government department that issued Notification No. 1732018EP Agri.IV related to the TMA scheme. Notification No. 1732018EP Agri.IV: A notification issued by the Department of Commerce on 27.02.2019 related to Transport and Marketing Assistance (TMA) for specified agricultural products. Alok Vardhan Chaturvedi: Director General of Foreign Trade and Additional Secretary. Directorate General of Foreign Trade: The directorate issuing the notification. Under Ministry of Commerce and Industry. New Delhi: The city in India where the notification was issued and where the Government of India Press, Ring Road, Mayapuri is located.
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