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 Prohibited items under the EPCG program are items that violate national and international regulations. Or pose a risk to India’s security and public safety. These products cannot be imported under this program even though those products may be useful for running a business.   The list of prohibited goods is part…

 India’s export-driven policies, such as pre-licensing and EPCG (Export Promotion Capital Goods) scheme, allow exemption of duties on imported goods intended for re-export. Support the country’s exporters. These plans require bank guarantees. The exporter fulfils its financial insurance export obligations. According to the latest statistics, more than 60% of Indian…

The Export Promotion Capital Goods (EPCG) Scheme is a crucial tool for businesses in India to import capital goods without paying heavy custom duties upfront. However, this privilege comes with conditions, and a Bank Guarantee (BG) plays a pivotal role in this process. Let’s break down the concept of Bank…

The Government of India, as part of its foreign trade policy, introduced the EPCG Scheme to support manufacturing exports. The EPCG Scheme provides the facility of a license for duty-free import of capital goods. However, exporters and manufacturers who use the EPCG Scheme must fulfil an export obligation.   You must…

IGCR stands for Import of Goods at Concessional Rate of Duty. The relaxation in the rate of duty is provided by the CBIC in the form of IGCR. IGCR Rules govern the provisions for the same, that is, the Import of Goods at Concessional Rate of Duty or for Specified…

The MOOWR scheme is a duty deferment program that allows for the import of goods (both inputs and capital goods) for manufacturing or other permitted activities within a customs-bonded warehouse.  Introduction Are you looking to set up a manufacturing unit in India or enhance your existing operations?  The Manufacturing and…

AEO is a trade facilitation scheme for ease of doing business considering international development, holder of this certificate is entitled for privilege, benefits, exemption, and relaxation on account of import and export. This certificate is issued for a particular period after that to be renewed.   This scheme is based on…