Following are the schemes initiated for export promotion : 

1. Cash Compensatory Scheme : Cash compensatory scheme was designed to compensate the exporters for unrelated indirect taxes and to provide resources for product development. This was initiated in 1996. 

2. Duty Drawback Scheme : Manufacturers who are unable to avail any of these schemes can avail ‘duty drawback’. Under this, the excise duty and customs duty paid on inputs and service tax paid on input services is given back to the exporter of finished products by way of‘duty drawback’. 

3. Import Replenishment Scheme : This progamme is for easy availability of imports which are necessary for exports. Under this progamme, exporters are permitted imports of those items the import of which prohibited. Under this scheme, exporters can export those items which are not available in the country. 

4. Blanket Exchange Permit Scheme : This scheme was initiated in 1987. Large export organizations like export houses and all forms of trading houses are given the facility of blanket exchange permit, under which lumpsum foreign exchange is provided to meet expenses made abroad. 

5. Special Economic Zone : A Special Economic Zone (SEZ) is an area in which business and trade laws are different from the rest of the country. SEZs are located within a country’s national borders, and their aims include: increased trade, increased investment, job creation and effective administration. .