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of <h1>Handbook of Procedures Updated: EPCG Scheme Amendments Simplify License Applications, Duty-Saved Procedures, and Importing Spares.</h1> The circular amends the Handbook of Procedures Vol. I under the Export and Import Policy 2002-2007, focusing on the Export Promotion Capital Goods (EPCG) scheme. Key changes include amendments to the application process for EPCG licenses, specifying procedures for duty-saved amounts, and introducing provisions for importing spares. New clauses address export obligation discharge, clubbing of EPCG licenses, and extensions for firms registered as sick units. The circular also introduces an application form for clubbing licenses, emphasizing compliance with export obligations and regulatory frameworks. These amendments aim to streamline the EPCG scheme and enhance its operational efficiency.
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