SME Times News Bureau | 11 Sep, 2021
The Centre has revised "Transport and
Marketing Assistance" (TMA) scheme for Specified Agriculture Products’.
In February 2019, the Department of Commerce had
introduced ‘Transport and Marketing Assistance (TMA) for Specified Agriculture
Products Scheme’ to provide assistance for the international component of
freight, to mitigate disadvantage of higher freight costs faced by the Indian
exporters of agriculture products.
The scheme was initially applicable for exports
effected during the period from 01.03.2019 to 31.03.2020 and was later extended
for exports effected up to 31.03.2021.
Now the Department has notified ‘Revised
Transport and Marketing Assistance (TMA) for Specified Agriculture Products
Scheme’ for exports effected on or after 01.04.2021 up to 31.03.2022. The
existing scheme will remain in operation for exports effected up to 31.03.2021.
Following major changes have been made in the
revised scheme:
•
Dairy products, which were not covered under the earlier scheme, will be
eligible for assistance under the revised scheme.
•
Rates of assistance have been increased, by 50% for exports by sea and by 100%
for exports by air. Details are as under:
Rates of Assistance (in INR)
Region Amount Per TEU (Normal) Amount Per TEU (Reefer)By Air
(Amount per kilogram)
ExistingRevisedExistingRevisedExistingRevised
West Africa 11200
16800 19600 29400 0.841.68
East Africa
11200 16800 21000 315000.841.68
Europe 9800 14200
21000 31500 1.122.24
Gulf
8400 12600 14000 21000 0.701.40
North America21000 31500 28700
43050 2.805.60
ASEAN
5600 8400 12600 18900 0.701.40
Russia & CIS 12600 18900
22400 33600 0.701.40
Far
East
8400 12600 12250 18375 0.841.68
Oceana
16800 25200 24500 36750 2.805.60
China
0012600189000.84 1.68
South America23800 35700 31500
47250 3.507.00
The Directorate General of Foreign Trade (DGFT)
will shortly notify the procedure for availing assistance under the revised
scheme.
Enhanced assistance
under the revised scheme is expected to help Indian exporters of agricultural
products to meet rising freight and logistics costs.