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of <h1>EPCG Scheme Clarifies Zero Duty Benefits for Capital Goods in Marine, Textile, Chemical Sectors; Details Reduced Thresholds.</h1> The circular addresses the EPCG Scheme under Notification No. 29/97-Cus, which provides zero duty benefits for capital goods in the marine, textile, and chemical sectors. It clarifies that the zero duty benefit applies to machinery specified in Annexures II, III, and IV for these sectors, with a reduced threshold of Rs. 1 crore for textile and chemical sectors. For other machinery not specified in these annexures, the benefit is available if the total value of imported machinery exceeds Rs. 20 crores. The intention is to extend CVD exemption only to specified machinery while maintaining the overall threshold criteria.
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