India’s exports of capital goods increased by almost US$ 23 billion till 2018. But during the same time frame, imports proliferated by US$ 68.7 billion, which is roughly three times. To develop as a globally competitive capital goods exporter in the age of smart manufacturing and swiftly changing technologies, it...
EPCG scheme aims to facilitate the import of capital goods with the purpose to produce good quality merchandise and service and improve India’s competitiveness in manufacturing. For this purpose, the imported capital goods are exempted from customs duty. The export obligation for the scheme is six times the duties, taxes,...
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