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 ... Summary
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.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.