What is EPCG number?
Export Promotion Capital Goods (EPCG) scheme allows import of capital goods including spares for pre production, production and post production at zero duty subject to an export obligation of 6 times of duty saved on capital goods imported under EPCG scheme, to be fulfilled in 6 years reckoned from Authorization issue- …
How do I get my EPCG license?
EPCG Online Application Procedure
- Step 1: Visit the DGFT Official website.
- Step 2: Log in with DGFT Digital Signature Certificate.
- Step 3: Create a New File.
- Step 4: Fill initial mandatory details.
- Step 5: Filling Industrial Registration, Export House & RCMC Details.
- Step 6: Fill the Factory Address.
What is EPCG scheme under GST?
EPCG scheme enables the import of capital goods that are used in the pre-production, production, and post-production without the payment of customs duty.
Who is eligible for EPCG scheme?
Manufacturer exporters with or without supporting manufacturer(s), merchant exporters tied to supporting manufacturer(s) and service providers are eligible under the EPCG scheme. EPCG scheme also covers Common Service Provider (CSP).
How does EPCG scheme work?
Export Promotion Capital Goods (EPCG) License, as the name suggests, is intended to act as a stimulus for exports. It allows import of capital goods at 3% Customs Duty subject to the condition that an Export Obligation of eight times the duty saved is to be fulfilled within 8 years of Authorization issue date.
Is EPCG scheme still available?
Further, Central Board of Indirect taxes and Customs (CBIC) has also extended the exemption from payment of integrated tax and compensation cess on imports made under Advance Authorisation (AA) and Export Promotion Capital Goods (EPCG) scheme from 31 March 2021 to 31 March 2022.
What are not eligible under EPCG scheme?
Such domestic manufacturer shall be eligible for deemed export benefit under FTP. -License under this scheme shall not be issued for the import of any capital goods for Electricity Generations or Supply plants. -Import of second hand capital goods are not permitted under the EPCG scheme.
What is EPCG certificate?
Export Promotion Capital Goods (EPCG) scheme is a scheme which allows an exporter to import of capital goods including spares for pre-production, production and post-production at zero Customs duty, for exports.
What is not eligible under EPCG scheme?
What is EPCG scheme?
EPCG scheme enables the import of capital goods that are used in the pre-production, production, and post-production without the payment of customs duty.
How to enter registration and payment details in EPCG file?
If the Registration detail is already there then Click Select button which will write the Registration Type and No in the EPCG File Open dialog box. Likewise Click the EH/TH and RCMC Buttons on the EPCG Main dialog box and enter the respective details. Fee Details Click the Fee Details button and the Payment details dialog box will open as above.
How do I add a factory address in EPCG?
Click the Factory Add Button on the EPCG main dialog box to open the Factory Address Details dialog box. The file number appears by default then complete the data entry of Factory Name and Address Pin Code, Registration No and Date. Select Registration Type from the drop-down list.
What are the prerequisites for applying for an EPCG scheme?
To apply for an EPCG scheme, an IEC is required. Other pre-requisites as mentioned in the Chapter 5 of Foreign Trade Policy and Hand book of Procedures may be referred. To apply for an EPCG scheme, an IEC is required.