EPCG Scheme ties duty concession on capital goods to phased export obligations with monitoring, extensions, and penalties. EPCG Scheme grants authorizations for duty concession on capital goods against specified export obligations certified by a Chartered Engineer and ... Summary
EPCG Scheme ties duty concession on capital goods to phased export obligations with monitoring, extensions, and penalties.
EPCG Scheme grants authorizations for duty concession on capital goods against specified export obligations certified by a Chartered Engineer and monitored by Regional Authorities. Export obligations are fixed against duty saved and must be met in prescribed block periods, with pro rata adjustments for under- or over-utilization, limited condonation, extension mechanisms on payment or conditions, and penalties for default. Redemption requires submission of prescribed documents for discharge; post-export duty credit scrips and rules on re-export, replacement, clubbing, indigenous sourcing, leasing, and green-technology eligibility are provided.
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