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Category: blog

What is RoDTEP Scheme & The Need for RoDTEP Scheme

A RoDTEP Scheme, which stands for Remission of Duties & Taxes on Export Products, became effective in January 2021, replacing the MEIS Scheme. And, Since then, it serves to ensure reimbursement of the embedded taxes & duties that were previously non-recoverable. Therefore, encouraging the exporters to boost the export...

Bank Guarantee and Bond cancellation under EPCG Scheme

The EPCG Scheme, or Export Promotion Capital Goods Scheme, is a government mandate intended to promote exports and assist Indian manufacturers in expanding their business operations. This scheme allows duty-free imports of capital goods or machinery used for pre-production, post-production, or manufacturing processes. Several complex procedures are involved in...

Show Cause Notice under EPCG Scheme – Best EPCG consultants

EPCG consultants and its benefits- Export Promotion Capital Goods Scheme, aka the EPCG scheme, is a tax incentive designed to boost India’s industrial competitiveness by encouraging the import of capital goods required to manufacture high-quality goods and services in India accurately. There is permission to import capital goods at...

Submission of Installation Certificate under EPCG Scheme

The EPCG Scheme‘s main purpose is to provide capital goods that facilitate producing and selling of high-quality goods and services. Capital goods are necessary raw materials for the establishment of an industry. The Scheme allows for zero custom duty on imports of capital goods, such as machinery, that are...

Registered Exporter System (REX) | Enrich Professional Services

The new certificate of origin for products is called REX, short for Registered Exporter System. The approach above, put forth by the European Union, is for nations that gain access to markets through preferential trade agreements. System for Registered Exporters An economic actor offers self-certification’ that serves as their...

What is EPCG Invalidation?

Hey, in our previous blogs, we discussed the EPCG scheme, and we generally take EPCG license to import Duty-free Capital goods (i.e. Machinery). Do you know Capital goods can also be procured indigenously (locally) under the EPCG scheme? Let’s see how to procure Machinery under the EPCG scheme locally:...

Interest equalization scheme – Enrich Professional Services

The interest equalization scheme is for both pre and post-shipment rupee export extension of credits. People have asked for the extension of the Interest equalization scheme to which the Government also has given a green signal to it while the Government of India has approved the extension which was...

Regularization of Bonafide Default and Exit from EPCG Scheme

Exporters can import capital goods at zero duty under the EPCG plan in exchange for a six-year export obligation (EO) worth six times the duty saved. At least 50 percent of the EO must be completed during the first four years. The regulations allowing the exporter to apply for...