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28 Oct 24

Bank Guarantee (BG) Under the EPCG Scheme

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…

04 Oct 24

SCOMET Regulations and DGFT Application Processes

SCOMET stands for special chemicals, organisms, materials, equipment, and technology. The Indian government uses this term to categorize and regulate the export of certain items that can have potential applications in military, nuclear, chemical, and biological warfare. The export of such goods is controlled to prevent their misuse. The SCOMET…

13 Sep 24

Penalty in EPCG and Advance license if EODC (Export Obligation Discharge Certificate) not Fulfilled

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…

14 Aug 24

What is IGCR in Customs

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…

03 Jul 24

Export Obligation Period (EOP) and Extension under the Advance Authorisation Scheme

Advance Authorisation is a trade facilitation scheme that encourages and supports exports by allowing businesses to import raw materials and components without paying customs duties. This scheme is an initiative of the government to promote and boost the country’s exports while aiding industries in sourcing the necessary inputs. Under the…

20 Mar 24

What is the MOOWR Scheme? MOOWR VS EPCG VS Advance License

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…

09 Mar 24

What Is Standard Input Output Norms (SION) ?

Standard Input-Output Norms (SION) is a system that was implemented in India to regulate import and export of goods. It is a document that specifies the quantity and value of inputs required to produce a unit of output.

28 Feb 24

AEO Certification: What It Is and How to Get It

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…

08 Dec 23

DGFT Scheme List: A Comprehensive Guide to India’s Foreign Trade Policy

As an exporter or importer, it’s important to understand the Directorate General of Foreign Trade (DGFT) and the various schemes they offer. The DGFT is an agency of the Ministry of Commerce and Industry in India, responsible for administering policies regarding international trade. One of the key functions of the…

02 Dec 23

What is the EPCG Scheme? Registration Process and Benefits

The Export Promotion Capital Goods (EPCG) Scheme is a government initiative that aims to facilitate the import of capital goods at concessional customs duty rates for the purpose of manufacturing and export. The EPCG scheme was introduced in India in the early 1990s and has since been revised several times…

Bank Guarantee (BG) Under the EPCG Scheme

SCOMET Regulations and DGFT Application Processes

Penalty in EPCG and Advance license if EODC (Export Obligation Discharge Certificate) not Fulfilled

What is IGCR in Customs

Export Obligation Period (EOP) and Extension under the Advance Authorisation Scheme

What is the MOOWR Scheme? MOOWR VS EPCG VS Advance License

What Is Standard Input Output Norms (SION) ?

AEO Certification: What It Is and How to Get It

DGFT Scheme List: A Comprehensive Guide to India’s Foreign Trade Policy

What is the EPCG Scheme? Registration Process and Benefits

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