Export Promotion Capital Goods scheme: concessional imports tied to structured export obligation and compliance requirements. The chapter establishes the EPCG authorization regime allowing concessional import of capital goods against a mandated export obligation. It prescribes application, issuance and verification procedures, conditions for indigenous sourcing, leasing and spares, and specifies block-wise discharge of export obligation with monitoring, prorata adjustment for import variance, mechanisms for extension, refixation and redemption, and penal consequences for defaults under FT(D&R) Act and Customs law.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Export Promotion Capital Goods scheme: concessional imports tied to structured export obligation and compliance requirements.
The chapter establishes the EPCG authorization regime allowing concessional import of capital goods against a mandated export obligation. It prescribes application, issuance and verification procedures, conditions for indigenous sourcing, leasing and spares, and specifies block-wise discharge of export obligation with monitoring, prorata adjustment for import variance, mechanisms for extension, refixation and redemption, and penal consequences for defaults under FT(D&R) Act and Customs law.
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