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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...

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:...

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...

Amendments to Importer Exporter Code (IEC)

What is Importer Exporter Code (IEC)? IEC is mandatory for import to India or export from India as it has the business identification number. Import Export license is one of such pre-requisite when you think of importing or exporting from India which is also known as the Importer Exporter...

All you need to know about “IEC Deactivated”

  Introduction Let’s start right from the beginning, for those who are unaware of the term IEC, let me tell you it stands for Importer Exporter Code. If you are someone who works in the field of import and export or is somewhat engaged in it by any chance,...

Exemption and Relief from Maintenance of Average Export Obligation

Introduction Hey, my friend today we will spill the beans on the Exemption from maintenance of average export obligation (AEO) and Relief in average export obligation (AEO). To get a better picture of the exemption and relief from maintenance of AEO, we will have to understand how to calculate...