|
Reimbursement of airfare for participation in approved international events
Sl.No 6 (ii) & 7 in the Table at Para 7.3 (Eligible components & Items of Expenditure) of the operational guidelines
Ceiling of airfare reimbursement to Indian Exporters for participation in Events Abroad/for hosting Foreign Buyers in RBSMs in India.
Reimbursement of air-fare to exporting companies with an f. o. b. value of exports below Rs.50 crore in the preceding financial year.
Ceiling:
a) Rs.1,25,000/ - for Africa and American continents
b) Rs.75, 000/- for other markets.
|
(i) Ceiling of airfare reimbursement to Indian Exporters for participation in Events Abroad/for hosting Foreign Buyers in RBSMs in India enhanced by 20% with effect from FY 2023-24.
Ceiling:
a) Rs.1,50,000/ - for Africa and American continents
b) Rs.90, 000/- for other markets.
(Note: The fares proposed are maximum limit for economy class)
(ii) Reimbursement of airfare to the companies having nil exports/start-ups/new exporters may be allowed up to 10% of the total number of participants, subject to the following conditions:
a) The amount of airfare reimbursable will be 50% of the economy fare, subject to market-wise ceilings
b) The exporter has been active in the domestic market and has at least annual turnover of Rs. 50.00 lakh in the preceding financial year.
(Note: For other exporters also, it will be necessary to have minimum annual export turnover of Rs. 50 lakh in the preceding financial year to avail reimbursement of airfare.)
|
