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of <h1>EPCG Scheme Boosts Export Competitiveness; Offers Extensions, Clubbing, and Reduced Obligations for Green Tech; Non-Compliance Penalized</h1> The Export Promotion Capital Goods (EPCG) Scheme facilitates import of capital goods for producing quality goods and services to enhance India's export competitiveness. Eligible exporters can apply for EPCG authorization, which requires a nexus certification from an independent Chartered Engineer. The scheme mandates installation certification within six months of import, with possible extensions. Export obligations (EO) must be fulfilled in specified blocks, and can be extended under certain conditions. The scheme allows for clubbing of authorizations, sourcing of indigenous goods, and offers reduced obligations for green technology products. Non-compliance results in penalties under applicable laws.
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