Export Promotion Capital Goods Scheme ( EPCG )
Description:
EPCG Scheme is introduced by incentivise export and serve to benefit companies operating in notified industry verticals. The incentive of this scheme is waiver of import duty on products imported in return for performance or discharge of an export requirement/obligation to the tune of several times the import duty saved within a preset time.
EPCG Scheme Objective:
To enhance export competitiveness by offsetting high freight cost and other externalities to international markets.
Benefit:
EPCG scheme permits import of capital goods including machinery, processing equipment, etc. for pre-production, production and post production at 0% Customs duty (this includes CKD / SKD as well as computer software systems). Additionally, the exports made under the following category can be counted towards fulfilment of export obligation imposed on EPCG Licence.
Eligibility:
Manufacturer(s)/exporter(s) with or without supporting manufacturer(s)/vendor(s), and merchant exporters tied to supporting manufacturer(s) and service providers within following sectors: Basic chemicals & pharmaceuticals Apparels & textiles Engineering & electronic products Handicrafts Plastics Leather & leather products Chemicals & allied products
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Recent Posts
- DGFT clarifies issues raised concerning Pre-Import Conditions under Advance Authorisation
- DGFT De-lists agencies authorized to issue Certificates of Origin (Non-Preferential)
- DGFT amends the Export Policy of Food Supplements containing Botanicals
- DGFT revises Standard Input Output Norms for Leather, Leather Products and Footwear
- DGFT permits export of Non-Basmati White Rice to Bhutan, Mauritius and Singapore through National Cooperative Exports Limited (NCEL)
- What is Preferential Certificate of Origin? Who is authorised to issue the Preferential CoO?
- Central Govt. changes the Registration Fees for SIMS to Rs.500/- flat
- Central Government amends the export policy of Food Supplements containing Botanicals
featured articles
DGFT clarifies issues raised concerning Pre-Import Conditions under Advance Authorisation Implementation of the Trade Notice 07/2023-24 dated 08th June, 2023,…
DGFT De-lists agencies authorized to issue Certificates of Origin (Non-Preferential) The DGFT had issued a final trade notice for the…
DGFT amends the Export Policy of Food Supplements containing Botanicals DGFT announces an amendment in the Export Policy of Food…
DGFT revises Standard Input Output Norms for Leather, Leather Products and Footwear DGFT revises specific Standard Input Output Norms for…