The Budget 2016/17 has announced a major Air Freight Rebate Scheme which will entail a 40% rebate on Air Freight cost to Europe with regards to export of Textile and Apparel. The effective date for operationalization of the Speed-to-Market Scheme (STMS) is 1st January 2017 and will be applicable to exports effected as from 1st April 2017.
The Scheme aims at giving a boost to Textile and Apparel export to European countries and to enhance product delivery in terms of Speed-to-Market.
The Scheme will:
1.0 The Scheme will apply for Export to European Countries including UK – Annex 1 (Alphabetical list of European Countries)
2.0 Categories of Textile and Apparel products eligible for rebate:
Textile and Apparel products manufactured in Mauritius and exported under (i) Interim Economic Partnership Agreement (EPA), (ii) EUR1 certificate of origin, (iii) Generalised System of Preferences (GSP).
3.0 Amount of Rebate:
4.0 Application for Rebate
Enterprise Mauritius reserves the right to exercise control post disbursement of fund and in case any fraudulent declaration is detected the following may apply:
1) The company will not be eligible for any future rebate, and
2) Legal action will be undertaken to recover the amount refunded and may be also liable to prosecution.
Updated: 5 April 2017