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of <h1>DGFT Circular: Travel Agents & Tour Operators Can Import Vehicles Under 5% EPCG Scheme with 100% Duty Bank Guarantee.</h1> The circular issued by the Directorate General of Foreign Trade addresses the importability of motor vehicles by travel agents, tour operators, and tourist transport operators under the 5% EPCG Scheme. It clarifies that these entities, recognized as part of the tourism industry, can import vehicles like motor cars and SUVs. However, they must execute a bank guarantee covering 100% of the duty saved, regardless of their status. Additionally, the circular states that for the zero duty EPCG Scheme, no increase in the CIF value of licenses will be permitted, although changes in import items are allowed if the CIF value remains unchanged.
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