Rates under Transport and Marketing Assistance (TMA) Scheme Revised
for Specified Agriculture Products
· Rates of Assistance Increased by 50% for
Exports by Sea and 100% for Exports by Air
· Dairy Products Included which were not Covered
under the Earlier Scheme
· DGFT to Issue Revised Procedure
[Ministry
of Commerce & Industry Press Release dated 10th
September 2021]
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) |
|||
|
|
Existing |
Revised
|
Existing |
Revised
|
Existing |
Revised
|
|
West
Africa |
11200 |
16800 |
19600 |
29400 |
0.84 |
1.68 |
|
East
Africa |
11200 |
16800 |
21000 |
31500 |
0.84 |
1.68 |
|
Europe |
9800 |
14200 |
21000 |
31500 |
1.12 |
2.24 |
|
Gulf |
8400 |
12600 |
14000 |
21000 |
0.70 |
1.40 |
|
North
America |
21000 |
31500 |
28700 |
43050 |
2.80 |
5.60 |
|
ASEAN |
5600 |
8400 |
12600 |
18900 |
0.70 |
1.40 |
|
Russia
& CIS |
12600 |
18900 |
22400 |
33600 |
0.70 |
1.40 |
|
Far
East |
8400 |
12600 |
12250 |
18375 |
0.84 |
1.68 |
|
Oceana |
16800 |
25200 |
24500 |
36750 |
2.80 |
5.60 |
|
China |
0 |
0 |
12600 |
18900 |
0.84 |
1.68 |
|
South
America |
23800 |
35700 |
31500 |
47250 |
3.50 |
7.00 |
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.