Duty Exemption And Remission Scheme — Frequently Asked Questions
Answers to the questions founders most often ask about Duty Exemption And Remission Scheme — who qualifies, the funding amount, required documents and how the application works.
Frequently asked questions
What is the Duty Exemption and Remission Scheme?
It is a MeitY scheme that allows startups to import items duty-free, reducing their costs and preserving capital.
How much funding is offered?
The benefit varies based on the value of imported goods; there is no fixed amount. Startups are exempted from paying customs duties.
What is the application deadline?
The deadline is not specified. You can apply at any time via the DGFT.
Who is eligible to apply?
All startups that require import of goods are eligible. There are no industry, stage, or entity type restrictions.
Does the scheme take equity?
No, this is a grant-based benefit. No equity is taken and no repayment is required.
What documents are needed to apply?
The source does not specify exactly which documents are required, but you will need to submit an application to the DGFT. Typically, you may need proof of startup registration and details of imports.
How do I apply?
Submit your application with the Directorate General of Foreign Trade (DGFT) via their website.
Is DPIIT or MSME registration required?
The scheme does not explicitly require DPIIT or MSME registration, but being a registered startup may help. Check with DGFT for specific requirements.
Can startups from any state apply?
Yes, there are no state restrictions. All Indian startups needing imports can apply.
Who offers Duty Exemption And Remission Scheme?
Duty Exemption And Remission Scheme is offered by Ministry of Electronics and Information Technology (MeitY), a government body. It is provided as non-dilutive funding.