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<h1>India revises Export Promotion Capital Goods Scheme with zero duty option requiring six times CIF export obligations</h1> The Government of India Ministry of Finance issued instructions regarding changes to the Export Promotion Capital Goods Scheme following revised policy published in March and April 1995. Key changes include execution of bonds with bank guarantees, year-wise export obligation fulfillment requirements, introduction of zero duty scheme, and merger of service sector scheme with main scheme. New notifications were issued for imports under licenses granted after May 1995. The zero duty scheme requires higher export obligations equivalent to six times CIF value with eight-year fulfillment period. Commissioners must establish monitoring mechanisms and maintain suitable registers for tracking export performance across all ports.