import of capital goods Current Affairs, GK & News

Relaxation in Export Promotion Capital Goods (EPCG) Scheme

Various procedures under the Export Promotion Capital Goods (EPCG) scheme have been relaxed by the commerce ministry so as to facilitate the ease of doing business and reduce compliance requirements. Under this scheme, the capital goods imports are allowed duty-free, subject to export laws. Overview: Under the scheme, the authorization holder or the exporter has ..