https://www.taxtmi.com/news?id=13647 The EPCG Scheme allows import of capital goods at zero customs duty subject to a prescribed export obligation; authorisation holders must fulfil that obligation under Chapter 5 of the Foreign Trade Policy and Handbook of Procedure. Failure to fulfil the obligation must be regularised by payment of customs duty with applicable interest proportionate to the unfulfilled obligation, and defaults may attract penal action and administrative measures including adjudication and placement on the Denied Entity List. en-us Fri, 05 Dec 2014 15:57:38 +0530 Fri, 05 Dec 2014 15:57:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13647 The EPCG Scheme allows import of capital goods at zero customs duty subject to a prescribed export obligation; authorisation holders must fulfil that obligation under Chapter 5 of the Foreign Trade Policy and Handbook of Procedure. Failure to fulfil the obligation must be regularised by payment of customs duty with applicable interest proportionate to the unfulfilled obligation, and defaults may attract penal action and administrative measures including adjudication and placement on the Denied Entity List. News - Fri, 05 Dec 2014 15:57:38 +0530 https://www.taxtmi.com/news?id=13647