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CR Chaudhary

CR Chaudhary, Finance

Export Promotion Capital Goods Scheme To Be Set up under Foreign Trade Policy for Motivating Manufacturer Exporters

Under the Scheme, EPCG Authorizations are issued with actual user condition and import validity of 24 months to import capital goods (except those specified in negative list) for pre-production, production and post-production at zero customs duty, and subject to fulfilment of specific Export Obligation equivalent to 6 times of duties, taxes and cess saved on capital goods, to be fulfilled in 6 years from date of issue of Authorization.

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