{"id":3941,"date":"2019-11-15T11:13:41","date_gmt":"2019-11-15T11:13:41","guid":{"rendered":"https:\/\/www.piczasso.com\/?p=3941"},"modified":"2019-11-15T11:19:50","modified_gmt":"2019-11-15T11:19:50","slug":"epcg-scheme-export-promotion-capital-goods-scheme-2019-beginners-guide","status":"publish","type":"post","link":"https:\/\/www.piczasso.com\/epcg-scheme-export-promotion-capital-goods-scheme-2019-beginners-guide\/","title":{"rendered":"EPCG Scheme | Export Promotion Capital Goods Scheme 2019 – Beginner’s Guide"},"content":{"rendered":"
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What is EPCG scheme? (Export Promotion Capital Goods Scheme)?<\/strong><\/p>\n

In one line the Export Promotion Capital Goods Scheme (EPCG Scheme) can be explained as “Duty-Free (Zero Customs Duty) Import of Capital Goods\/Machinery for the manufacture of products meant for Export”.<\/p>\n

The Capital Goods may be used for production, pre-production & post-production stages of goods.<\/p>\n

We are all well aware of the heavy custom duties companies have to pay on the Capital machinery imported for the production requirements, due to which businessmen usually compromise with the quality of the goods.<\/p>\n

The higher the price of the Machinery used to be, higher was the custom duty and this functionality started affecting the competitiveness & quality of manufacturing industries deeply.<\/p>\n

To improve this situation The Government of India came up with the EPCG License in order to obtain that you need to understand EPCG License procedure<\/u><\/a>.<\/p>\n

Where it was allowed to import capital goods at zero customs duty.\u00a0EPCG Scheme was introduced by the Government of India to facilitate Import of Capital Goods\/Machinery for producing high-quality goods and services.<\/p>\n

The main aim of the EPCG Scheme is to improve India’s competitiveness in the manufacturing sector.\"\"<\/p>