EPCG – Export Promotion of Capital Goods
Export Promotion of Capital Goods, what is it? Let’s start with basics, Definition and scope of the Scheme The scheme is applicable when the imported goods are imported and allowed under various allowed lists discussed further in this article. EPCG Scheme Objectives EPCG Scheme Scope Capital goods for the purpose of the EPCG scheme shall […]
Bonded Warehouse – A Game Changer for the manufacturing sector
Actual scheme for the manufacturing enterprises… Indian government introduced in 2019 by tweaking the existing scheme of manufacturing under bond. The scheme can revolutionize the way manufacturing units are organized among Domestic Tariff Area, Free Trade and Warehousing Zones, Export Oriented Units (EOU’s) and Special Economic Zones (SEZ’s). Although, there is a lot of talk […]
Why should you get an AEO certification today?
Preface : A little bit of history In 5 years (from 2014 to 2019), India jumped from 142nd rank to 63rd position in ease of doing business among 190 countries of the world. AEO is one of the key factor that led to this development. AEO stands for Authorised Economic Operator. AEO is based on […]
Avoid Falling Flat : Mistakes one can make on obtaining EPCG
*Please note the name of the firm and their place have been purportedly changed to ensure that their repute is not affected. This a case of unawareness and not of deliberate fraud. Let’s understand it by an Example There is a furniture manufacturer exporter in South India which was unaware of the conditions of EPCG […]
EPCG (Export Promotion Goods Scheme): Revisited and Explained in 2020
EPCG (Export Promotion Capital Goods) : A Story of our Friend # Requisite for EPCG One basic requisite for EPCG is that he has to fulfill the conditions of Export Obligation (EO) which is 6 times the duty saved in 6 years. Let us assume that he saved a total of 5 lakh rupees in […]