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G.K. Nair

Kochi , Nov. 8

THE Spices Board will release the WTO-compatible subsidy announced by the Union Government with effect from November 2 for export of pepper and value-added pepper products.

The Board has asked exporters to apply for the subsidy scheme, which is intended to boost exports of domestic pepper and value-added pepper products processed from indigenously-produced pepper. The subsidy would be at Rs 5 a kg or actual cost incurred - whichever is less - for international freight and Rs 2 a kg or actual internal cost incurred - whichever is less - for internal transport, Mr S. Kannan, Director, Marketing of the Board told Business Line. The subsidy, he said, would be available for export of a maximum of 20,000 tonneseffective from November 2, the date of notification of the scheme. It will be released to eligible exporters on a first-come-first-served basis; the scheme will end on March 31, 2006.

However, the subsidy would not be available to 100 per cent export oriented units (EOUs); units situated in the Special Economic Zones (SEZs); for re-export of imported pepper; export of pepper products processed from imported pepper, irrespective of the percentage of imported pepper contained therein; and for export of pepper and pepper products to SAARC countries (countries with which India has FTA/PTA agreements and from where duty-free imports into India are permitted).

The documents needed to be attached include purchase bills, copy of B/L, shipping/airway bill, freight memo issued by the shipping liner, sales invoice, mandatory inspection report, details of source from which pepper was procured for export, delivery notes relating to internal freight, and transport bills relating to local transport etc. In addition, details such as port of shipment and discharge, delivery confirmation from the shipping line, and international freight paid would have to be provided, he added.

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