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of <h1>DGFT Amends Handbook: New Rules for Re-export, Repair, or Replacement of Defective Capital Goods Under EPCG Scheme.</h1> The Directorate General of Foreign Trade has amended paragraph 5.25 of the Handbook of Procedures for the Foreign Trade Policy 2015-20, effective immediately. The revised paragraph addresses the re-export, repair, or replacement of capital goods imported under the EPCG scheme. It allows for re-export within three years if goods are defective, with permission from the relevant authorities. Replacement imports are permitted, and duty benefits are managed accordingly. Repairs abroad are also allowed within three years, considering duty on repair costs. This amendment aims to streamline procedures related to defective capital goods under the EPCG scheme.
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