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of <h1>New Notification Exempts Certain Imports from Customs Duties Under EPCG Scheme to Boost Exports in Key Sectors.</h1> The notification exempts certain imported goods from customs duties under the Export Promotion Capital Goods (EPCG) Scheme, aimed at promoting exports of specific products such as engineering, electronics, chemicals, pharmaceuticals, textiles, plastics, handicrafts, and leather. The exemption is contingent upon conditions like obtaining a valid authorization under the EPCG Scheme, fulfilling export obligations, and not availing other specific benefits. Importers must comply with conditions such as maintaining export obligations, ensuring installation of imported goods, and adhering to specified import-export locations. The notification also outlines procedures for defective goods re-export and conditions for import of spare parts.
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