Eximkey - India Export Import Policy 2004 2013 Exim Policy
DGFT Exim Advisor All about Export Incentives EPCG

 

   
 
 
Export Promotion Capital Goods Scheme
Chapter 6 of Exim Policy and Hand Book of Procedure Volume 1 provide the Export Promotion Capital Goods Scheme enabling the import of new capital goods including computer software system with concessional customs duty against the commitment of export obligation. The import under EPCG scheme is required to export the items having nexus with import items. Present rate of duty is 5% + 0.5% + NIL + NIL. The exporter is required to undertake the export obligation equivalent to 5 times of CIF value of capital goods on FOB basis or 4 times of CIF value of capital goods on NFE basis, to be fulfilled over the period of 8 years from the date of issuance of the licence. The guiding customs notification is 49/2000 dated 27-04-2000. The importer under EPCG scheme is required to execute the Bank Guarantee and Legal Undertaking. In some cases the bank Guarantee can be exempted.

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