EPCG Scheme amendment expands tourism industry inclusion and adjusts export obligation timing and eligible capital goods. The amendment to the EPCG notification replaces references to the hotel industry with hotel and tourism industry, defines tourism industry for export certification purposes, prescribes a six-year export obligation period with apportioned two-year blocks for licences within a revised CIF value range issued for specified sectors or tourism services, raises the minimum licence value inclusive of spares for those licences, and expands the Annexure to add numerous capital goods and equipment categories eligible under the Scheme.
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EPCG Scheme amendment expands tourism industry inclusion and adjusts export obligation timing and eligible capital goods.
The amendment to the EPCG notification replaces references to the hotel industry with hotel and tourism industry, defines tourism industry for export certification purposes, prescribes a six-year export obligation period with apportioned two-year blocks for licences within a revised CIF value range issued for specified sectors or tourism services, raises the minimum licence value inclusive of spares for those licences, and expands the Annexure to add numerous capital goods and equipment categories eligible under the Scheme.
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