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

EPCG scheme eligibility for leased capital goods is limited; a separate customs lease exemption applies subject to conditions.
EPCG scheme benefits do not generally extend to capital goods imported under finance lease; lease-based imports for EPCG purposes are confined to Export Oriented Units and Special Economic Zones under the handbook. A separate time-limited customs duty exemption for leased imports exists under a customs notification, but it is subject to the specific eligibility criteria and conditions prescribed in that notification.