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of <h1>EPCG Scheme: Import Capital Goods with Reduced Duties, Fulfill Export Obligations, and Explore Leasing and Re-export Options.</h1> The Export Promotion Capital Goods (EPCG) Scheme under Chapter 5 of the Foreign Trade Procedure outlines the policy and procedures for obtaining an EPCG authorization. Applicants must submit an application along with necessary documents to the Regional Authority (RA). The authorization allows import of capital goods with reduced customs duties, provided the holder fulfills export obligations. The scheme includes provisions for the installation of capital goods, leasing, indigenous sourcing, and importing spares. Export obligations must be met within specified periods, with possible extensions and penalties for non-compliance. The scheme also allows for clubbing of authorizations and re-export of defective goods.
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