Foreign Trade Policy Annual Supplement for 2008-09 released

Application fee for duty credit scrip and for EPCG Authorisation & IEC Number slashed- Customs duty under EPCG lowered to 3 per cent
payment of duty under EPCG scheme allowed through debit of duty credit scrips under promotional schemes or DEPB
EOUs allowed to pay excise on monthly basis
Income-Tax benefit under Section 10B for 100 per cent EOUs extended for one more year
Export of Toys & sports goods to get additional duty credit @ 5 per cent
additional duty credit of 2.5 per cent for flowers, vegetables and fruits
Reduced average export obligation under EPCG
enhance duty credit scrip of 2.5 per cent on export of high value added manufactured products-10 more countries included in Focus Market Scheme
all exports under EPCG eligible for incentives/rewards under promotional schemes
Average export obligation under EPCG for Premier Trading Houses shall, as an option, be calculated, based on the average of last 5 year’s export, instead of the present 3 years. 
In case of textile and granite sector EOUs, payment of only excise duty on DTA sale, in case the use of duty paid imported inputs is up to 3% of the FOB value of exports.       
To ensure that terminal excise duty and CST refund is made to the exporters in time, interest @ 6% per annum shall be paid to the exporter, in case refund is not made within one month of the due date. This interest on delayed refund will be paid on all such claims that have become due on or after 1.4.2007.
Any waste or scrap or remnant generated during manufacturing or processing activities of an SEZ Unit / Developer / Co-developer to be disposed in DTA freely, subject to payment of applicable Customs Duty.
Surat Hira Bourse has been recognized as port of export for jewellery,
Value of jewellery parcels, through Foreign Post Office, raised from US$ 50,000 to US$ 75,000.
Under the Industrial Park Scheme, it has been decided to include, IT, ITES and R&D in Natural Sciences and Engineering, as industrial activities permitted in the parks.