18 Jul 2024 • Development
Notice to exporters – Budget Measures 2024/25 – Extension of export incentives and schemes
The Economic Development Board (EDB) is pleased to announce that the below-listed Export Incentives and Schemes introduced by the Government have been extended for the upcoming fiscal year (1st July 2024 to 30th June 2025) as per Budget Speech 2024/2025 to further promote the export sector.
1. Freight Rebate Scheme (FRS)
Extended until 30th June 2025 with the current Terms & Conditions. First-time exporters with a Total Turnover of less than Rs 20 Million will benefit from an increased refund of 40% for a period of one year.
2. Trade Promotion and Marketing Scheme (TPMS)
Extended until 30th June 2025 with the current Terms & Contidions. As from 1 July 2024, export to New Zealand will be qualified under TPMS.
3. Export Credit Guarantee Insurance Scheme (ECGIS)
Extended up to 30th June 2025 with the current Terms & Contidions
4. SME International Fairs Refund Scheme
- Extended until to 30th June 2025 with the current Terms & Conditions
- For the Tourism Industry, the maximum annual refund has been increased to Rs275,000 per company.
- For other qualifying sectors, the maximum annual refund has been increased to Rs500,000 per company.
5. Africa Warehousing Scheme
- The Scheme is extended until 30th June 2027 with the current Terms & Conditions. As from 1st July 2024, Made-in-Mauritius products that are warehoused in Kenya will be eligible under the AWS.
Share this article
Latest News
1
EU Green Deal: Unlock new market opportunities in Europe
2 Dec 2024 •Conference • Manufacturing Industry
2
Increase in FDI for First Half of 2024
25 Oct 2024 •Development
3
Empower your workforce with new ICT skills
11 Oct 2024 •Creative Industry • Eductation • Technology
4
Mauritius: A Trusted International Financial Centre for UK investments into Africa
10 Oct 2024 •Conference • Financial Services
5
SheTrades Mauritius Hub: Workshop on New Budgetary Measures for Businesses
7 Oct 2024 •SheTrades • Conference
