What is the Average Export Obligation in the EPCG Scheme
About EPCG Scheme The term EPCG stands for Exports Promotion Capital Goods. It is a term that is most likely used in the business of exports and imports. EPCG Scheme is a scheme that lets a person import capital goods at zero customs duty. The main aim of the...
What is Third-Party Export in the EPCG Scheme
What is Third-Party Export in the EPCG Scheme About Third-Party Export EPCG authorization holder may export either directly or through a third party (ies). Third-party export refers to the export that is made by a manufacturer or an exporter on behalf of another manufacturer. So basically, a third-party export...
What is EPCG Scheme for Import of Capital Goods? Let’s Learn About It (Service Industry)
What is the EPCG Scheme for Import of Capital Goods? Let’s Learn About It (Service Industry) About EPCG Scheme The term EPCG stands for Export Promotion Capital Goods. The main aim of the EPCG Scheme is to ease out the way of import of capital goods. The EPCG scheme...
Here’s everything you need to know about the EPCG Scheme for Import of Capital Goods? (Manufacturing Industry)
Here’s everything you need to know about the EPCG Scheme for Import of Capital Goods? (Manufacturing Industry) About EPCG Scheme The EPCG (Export Promotion Capital Goods) Scheme was designed to operate the import of capital goods for producing good quality products. It also looks forward to increasing the competitiveness...
Why Importer Exporter Code (IEC) in India?
Importer Exporter Code! Have you ever encountered the term IEC on Television, Newspapers, and thinking about what it means? Is it Independent Electoral Commission, Indian Economic Conclave, or Import- Export Code? Enrich providing the complete and basic guide about the importer exporter code is given. It would not only...
What is IEC and How to apply the IEC? | IEC updation details
What is IEC? The Importer-Exporter-Code (IEC) is an important trade identification number that is mandatory for exports or imports. Nobody is allowed to import or export, except under an IEC number assigned by the DGFT. In the case of the import or export of services or technologies, the IEC...
Advance Authorisation Scheme and its Benefits in India.
Advance Authorisation Scheme and its Benefits in India. Import and Export is a wealthy field of business and if done right can make you millions, but it does have its drawbacks. The biggest setback is the rules/fees/authorizations, since you are doing business with another country, the Indian government has...
What is the EPCG scheme?
Export Promotion Capital Goods 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...
Why we need consultants for import and export services? Or Importance of import and export consultant
There are some ways to flee the import export consultant part, i am sure. But one should believe is that learning rather than running always works the simplest. Market is changing every single day, during this change we must advance. How? Through an endless process called ‘Learning’. Undoubtedly, Enrich...
What are the DGFT Services? Why do you need DGFT Services? What are the benefits?
When you are entering or thinking of entering into an import-export business, you ought to know about DGFT services. DGFT is solely responsible for the incorporation and implementation of the Foreign Trade Policy. The main objective is about promoting India in the export market. What exactly is DGFT? Stands...