Context
The Commerce Ministry has relaxed various procedures under the Export Promotion Capital Goods (EPCG) scheme in order to reduce compliance requirements and facilitate ease of doing business.
Background
Analysis
What is Export Promotion Capital Goods (EPCG) Scheme?
Capital Goods
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Customs duty is a variant of Indirect Tax and is applicable on all goods imported and a few goods exported out of the country. |
Doing the numbers
What changes have been brought to the EPCG scheme?
Important Scheme putting focus on the sector
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Conclusion
The abovementioned changes would bring down compliance requirement for the exporters who use imported capital goods as inputs and hence enhance the Ease of Doing Business in India.
Verifying, please be patient.