How to get EPCG licence

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I want to apply for EPCG licence and documents required to apply. Please also inform me new rules in EPCG
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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.

To obtain an EPCG License, it is necessary to file an application toward that purpose with the licensing authority – Director General of Foreign Trade (DGFT) along with supporting documents and company and personal details and history. Based on the amount of import duty exemption, the value addition is fixed up and export obligation has to be fulfilled accordingly. If the export obligation was genuinely unable to be completed in the time specified by licensing authority, it may be permitted to get the export obligation period extended for further period of time.

For more details refer::  https://cleartax.in/s/epcg-scheme


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