EPCG, the acronym for Export Promotion Capital Goods is a scheme that boosts the competitiveness of India's export by helping the country import quality capital goods to produce high quality goods and services.
The Export Promotion Capital Goods Scheme (EPCG) initiated by the Government of India is a part of the Foreign Trade Policy 2015-2020. The scheme allows the import of capital goods for pre-production, production, and post-production at 0% customs duty.
The objective of the EPCG (Export Promotion Capital Goods) Scheme is to accelerate the import of capital goods for producing high quality goods and services and enhance the country's manufacturing competitiveness.
No time to register yourself under the EPCG scheme? Look for the best EPCG consultants who can take your job. We, Enrich Services, is the most trusted EPCG consultants that can make your job easier and help you start your business in no time. Get in touch!
Let's have a look at the list of capital goods eligible for 0% customs duty.
Any equipment, accessories, plant, or machinery needed for production or manufacturing or rendering services come under capital goods. Eligible capital goods under the EPCG scheme are:
Capital Goods that are not eligible for EPCG Scheme are:
Thus the beneficial scheme allows you to enjoy duty free import of capital goods. Looking for the best EPCG Licensing Consulting Services in Hyderabad? We are one of the best EPCG consultants with a team that has decades of experience in the industry. We provide valued and flexible DGFT and industrial subsidy services to make the business easier for you. Talk to us and let us understand your needs before we deliver our smooth services.
At Enrich Professional Services, we give you a detailed explanation explaining the terms and conditions of the EPCG scheme concerning export obligation. This will prevent you from making any future mistakes. We help you in preparing documentation for the EPCG License application. The license is obtained from the Director General of Foreign Trade. Furthermore, there is guidance in the requirement and compliance followed by the Clients once the authorization is issued. Getting Redemption Letter from DGFT RA and release of Bond/BG after fulfilling the export obligation from Customs.
Apply for EPCG / Post export EPCG
Amendment of Fields of EPCG Authorisation
Invalidation/Certificate of Supplies of EPCG Authorisation
Clubbing of EPCG Authorisation
Closure of EPCG / Issuance of Post export Scrip
Apply for EO / Block Extention
Apply for EPCG Committee