Speed to Market Scheme
As per Budgetary Measures 2017/18 the Speed to Market Scheme (STMS) for the Textile and Apparel exports on the European markets has been extended to Jewellery, Medical Devices, Fruits, Flowers, Vegetables, Chilled Fish, Articles of Leather, Footwear, Watches, and Fabric Plush Toys to further address the threats from Brexit. The Scheme will entail a 40% rebate on Air Freight cost (All-in-prices) to Europe.
The Scheme aims at giving a boost to export to European countries for the following products
- Textile and Apparel,
- Medical Devices,
- Chilled Fish,
- Articles of Leather,
- Watches and
- Fabric Plush Toys and to enhance product delivery in terms of Speed-to-Market.
The Scheme will:
- apply to manufacturing companies in Textile and Apparel, Jewellery, Medical Devices, Articles of Leather, Footwear, Watches, Fabric Plush Toys, and producers/exporters of vegetables, fruits, flowers and chilled fish
- be on a 40% refund basis to relevant exporters; except for vegetables, fruits, flowers where payment will be equally shared between the Planter (20%) and the Exporter (20%)
- be time-bound for 2 years;
- be operated and managed by the Economic Development Board
- be applicable to exports effected as from 1st April 2017 for Textile and Apparel
- be applicable to exports effected as from 1st July 2017 for Jewellery, Medical Devices, Chilled Fish, Vegetables, Fruits, and Flowers
- be applicable to exports effected as from 21st August 2017 for Articles of Leather, Footwear, Watches, and Fabric Plush Toys
1.0 The Scheme will apply for Export to European Countries including UK – Annex 1 (Information sheet and Alphabetical list of European Countries)
2.0 Categories of products eligible for rebate:
Products manufactured in Mauritius and exported under (i) Interim Economic Partnership Agreement (EPA), (ii) EUR1 certificate of origin, (iii) Generalised System of Preferences (GSP), and any other relevant certificates.
3.0 Amount of Rebate:
40% of Air Freight Cost (All-in-prices) only
4.0 Application for Rebate
4.1 Registration of companies: Companies have to register themselves once by filling the Registration Form.
4.2 Claim for refund: Application for refund has to be submitted in the prescribed Claim Form to the Economic Development Board; 10th Floor, One Cathedral Square Building - Port Louis, together with the following supporting documents:
- Copy of Air Waybill (AWB) or House Air Waybill (HAWB);
- Copy of Commercial Invoice;
- Copy of Export Declaration;
- Copy of Packing List
- Certified copies of Invoices (with costs breakdown of freight components) & Receipts of payments from Freight Forwarder/Courier Service/ Carrier;
- Copy of Certificate of Origin (for Exports under EPA or EUR1 or GSP)
- Copy of Gate Pass/Memorandum
4.3 Registration and Claim for Flowers, Fruits, and Vegetables exports to be submitted to
Agricultural Marketing Board: Tel- 4334025, Website: http://ambmauritius.mu/freight-rebate-scheme/
The Economic Development Board 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.
For any additional details you may contact Mr Pravin Soburrun or Mrs Reshma Napaul on 203-3800.