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of <h1>India Exempts Certain Goods from Customs Duties Under EPCG Scheme; Conditions Apply for Importers and Export Obligations.</h1> The Government of India issued a notification under the Customs Act, 1962, exempting certain goods from customs duties under the Export Promotion Capital Goods (EPCG) Scheme as per the Foreign Trade Policy 2015-2020. The exemption applies to goods specified in an annexed table, contingent upon conditions such as valid authorization, registration at the port of import, and fulfillment of export obligations. Importers must execute a bond and provide evidence of export obligation fulfillment. Exemptions also cover integrated tax and GST compensation cess. Specific conditions apply to Common Service Providers and units in certain regions, with provisions for defective goods re-export.
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