What Are the Key Features of the EPCG Scheme
04/09/2024 Other Services
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Description
The EPCG (Export Promotion Capital Goods) Scheme is a government initiative designed to promote exports by allowing businesses to import capital goods at reduced customs duties. Under this scheme, companies like DCKMSPL can import machinery and equipment needed for production while benefiting from duty savings, provided they commit to exporting goods worth several times the duty saved within a specified period. The EPCG Scheme's key features include the facilitation of technological upgrades, cost reduction, and enhanced competitiveness in global markets. DCKMSPL leverages the EPCG Scheme to expand its production capabilities and fulfill export obligations, thereby contributing to economic growth while maintaining a competitive edge in international trade.
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