Key Government Incentives for Exporters in UP
The Government of Uttar Pradesh, along with the Government of India, offers multiple schemes to support exporters. These include financial assistance, tax exemptions, subsidies, and simplified registration procedures. Notable schemes include:
MEIS (Merchandise Exports from India Scheme): Though replaced by RoDTEP, this older scheme supported exporters with duty credit scrips. RoDTEP (Remission of Duties and Taxes on Exported Products) now provides tax remission on embedded taxes and duties.
Interest Equalization Scheme (IES): This central scheme offers interest subvention of up to 3–5% on pre- and post-shipment export credit for eligible exporters, thereby reducing the cost of borrowing.
TIES (Trade Infrastructure for Export Scheme): TIES focuses on infrastructure development such as logistics hubs and testing labs to boost export competitiveness in the state.
EPCG (Export Promotion Capital Goods) Scheme: This scheme allows exporters to import capital goods at zero customs duty, subject to an export obligation over a set period.
State-Level Export Promotion Policy: Uttar Pradesh’s own export policy offers incentives such as land subsidies, assistance for trade fair participation, logistics support, and single-window clearances for exporters.
How to Leverage These Benefits
To avail of these schemes, exporters must fulfill various regulatory and documentation requirements, including registration with bodies like DGFT, APEDA, and concerned export promotion councils. RCMC (Registration Cum Membership Certificate) is also mandatory for most government export schemes. Keeping track of compliance deadlines, submitting accurate documentation, and staying updated with changes in trade policies are key to unlocking the full potential of these incentives.
Support for Sector-Specific Exports
Uttar Pradesh’s strengths in sectors like handicrafts, textiles, leather, food processing, and electronics make it a strong contender for sector-specific government support. Exporters from these industries can also tap into additional schemes like the ODOP (One District One Product) initiative, which promotes local specialties for global markets.
How Agile Regulatory Can Help
Navigating the maze of export regulations and government schemes can be overwhelming. Agile Regulatory simplifies this journey for exporters in Uttar Pradesh by offering expert consulting and end-to-end support. From obtaining IEC, RCMC, and registering under export promotion councils to applying for schemes like RoDTEP, EPCG, and MSME incentives—Agile Regulatory ensures error-free documentation, timely submission, and liaison with authorities. With over a decade of experience, Agile Regulatory helps businesses of all sizes unlock their full export potential while staying fully compliant.
Conclusion
Exporters in Uttar Pradesh are well-positioned to benefit from a range of government incentives and trade development schemes. With the right knowledge, timely registration, and expert support from professionals like Agile Regulatory, businesses can tap into global markets, increase revenue, and contribute meaningfully to India’s export growth.
