EPCG Scheme (Export Promotion Capital Goods Scheme) - How it works & Procedure to apply for it.

Описание к видео EPCG Scheme (Export Promotion Capital Goods Scheme) - How it works & Procedure to apply for it.

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The higher cost of export products & it’s lower quality is making Indian products uncompetitive in the global market.

To solve this problem there is a need for increased use of Latest machinery & technology in the manufacturing process. However high cost of Imported machinery along with high import duties is making this option unviable for small MSME Exporters.

Therefore, the GOI has come up with the Export promotion Capital goods scheme (EPCG Scheme) that allows duty-free import of capital goods/machinery for the production of high-quality goods & services. The main aim of the EPCG Scheme is to improve India’s manufacturing competitiveness.

EPCG is a complex scheme, and hence this video is divided into three major parts. Part 1 Explains What is EPCG Scheme and it’s application process; Part 2 will contain details about Export obligation & Redemption of EPCG License and Final Part 3 will explain the entire summary and step by step procedures involved in the EPCG scheme. So make sure you watch It till the end.

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