We Are Here To Enrich Your Business !!

Tag: EPCG Consultants

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...

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...

An Incentive for early EO fulfillment under EPCG Scheme

Introduction Under the Export Promotion Capital Goods (EPCG) Scheme, the authorisation holder shall be maintaining a proper record of the Specific export obligation and average export obligation. The authorization holder should fulfill’ s the specific export obligation over the prescribed block period in the following proportions: When we talk...

Clubbing of Exports Promotion Capital Goods (EPCG) Licenses

Introduction Clubbing of Exports Promotion Capital Goods (EPCG) Licenses The clubbing of Exports Promotion Capital Goods (EPCG) Authorisations is exactly what its name suggests, it is the clubbing of two or more EPCG authorisations. No, we are not talking about going to a club or partying over here. As...

Import of Spare Parts under EPCG Scheme

Import of Spare Parts under EPCG Scheme Introduction Import of spares, moulds, dies, jigs, fixtures, tools, Refractories & Catalysts are included in the Export Promotion Capital Goods (EPCG) Scheme. Applicant should specify the list of plant and machinery for which these items are required in the EPCG application. Applicant...