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of <h1>Amendment Expands EPCG Scheme to Include Tourism, Adjusts Export Obligations for Licenses with CIF Value Between 1-20 Crores</h1> The notification amends the earlier Notification No. 29/97-Cus related to the import of capital goods, components, and spares under the EPCG Scheme. It expands the scope to include the tourism industry alongside the hotel industry. The amendment adjusts export obligations for licenses with a CIF value between one crore and less than twenty crores, specifying a six-year discharge period with designated export proportions. It also updates the list of equipment eligible for exemption under various categories, including food and beverage, front office, housekeeping, laundry, audio-visual, recreational, adventure sports, golf facilities, and miscellaneous engineering equipment.
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