Haryana notifies Freight Assistance Scheme for exporting MSMEs

Posted on:26 Jul 2016 09:17:21
Haryana notifies Freight Assistance Scheme for exporting MSMEs
26 July 2016 Current Affairs: Haryana Government has notified the "Freight Assistance Scheme" for the exporting Micro, Small and Medium Enterprises (MSMEs) located anywhere in the State on 25 July 2016.

It has given time till September 9 to submit the claim application on the web portal of the Industries and Commerce department for the financial year 2015-16.

The decision was taken in backdrop of the additional cost that is borne by the MSMEs exporting unit located in the state due to large distances from the sea ports. This distance results in making their products non-competitive in comparison to the exporting units located in the coastal area.

In order to enhance competitiveness of exporting units, this scheme would defray the transportation cost.

Under the scheme the freight assistance to the extent of one percent of Free on Board (FOB) value or actual freight excluding government fee and taxes on transportation of goods from place of manufacture to the sea port, whichever is less and maximum up to 20 lakh rupees per annum, would be given for export of goods, manufactured by the exporting MSME set-up anywhere in the state.

The assistance would be admissible only in case of direct export of the goods manufactured by the exporting unit and no amount would be given for export by air.

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