Govt notifies Transport and Marketing Assistance (TMA) for specified agriculture products

Scheme would be available for exports effected from 1 March 2019 to 31 March 2020

Department of Commerce of the Ministry of Commerce & Industry has notified a scheme for Transport and Marketing Assistance (TMA) for Specified Agriculture Products. The Transport and Marketing Assistance (TMA) for specified agriculture products scheme aims to provide assistance for the international component of freight and marketing of agricultural produce which is likely to mitigate disadvantage of higher cost of transportation of export of specified agriculture products due to trans-shipment and to promote brand recognition for Indian agricultural products in the specified overseas markets. The scheme would be suitably included in the Foreign Trade Policy (2015-20).

All exporters, duly registered with relevant Export Promotion Council as per Foreign Trade Policy, of eligible agriculture products shall be covered under this scheme. The assistance, at notified rates, will be available for export of eligible agriculture products to the permissible countries, as specified from time to time.

The Scheme would be applicable for a period as specified from time to time. Presently the Scheme would be available for exports effected from 1 March 2019 to 31 March 2020.

The assistance will be provided on export of all agriculture products covered in HSN chapter 1 to 24 including marine and plantation products.

Assistance under TMA would be provided in cash through direct bank transfer as part reimbursement of freight paid. FOB supplies where no freight is paid by Indian exporters are not covered under this scheme.

TMA would be reimbursed through the Regional Authorities of DGFT as per the procedure laid down in Chapter 7(A) of Handbook of Procedures (2015-2020). DGFT will lay down procedure for scrutiny of the claims, audit of the payments made, recovery of the ineligible/excess paid assistance, interest on such recoveries. The defaulters shall be liable for penal action under the provisions of Foreign Trade (Development & Regulation) Act, 1992, Rules and orders made thereunder.

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