Import of Capital Goods under EPCG on lease financing

[Abhijeet Mane]

Whether the benefit of EPCG scheme shall be admissible for the import of capital goods under the finance lease?

AI Summary

Eligibility of Importing Capital Goods via Lease Financing Under EPCG Scheme Clarified for EOUs and SEZs A query was raised regarding the eligibility of importing capital goods under the EPCG scheme via lease financing. It was clarified that such imports are permissible only for EOUs and SEZs as per the current Handbook of Procedures. However, a customs notification allows duty exemption for leased imports under specific conditions. The discussion included acknowledgments between participants, expressing gratitude for shared insights and contributions to the forum.