Know all about Export Promotion Capital Goods Scheme and obtain the EPCG License with ease!
Export
Promotion Capital Goods (EPCG) Scheme helps in enabling the capital goods
import for producing quality product and to expand the India’s export competitiveness.
EPCG scheme facilitates import of capital goods used in the production, pre-production,
and post-production without paying the customs duty.
Who would get benefited from EPCG Scheme?
EPCG
is envisioned for endorsing exports with the benefit provided in this scheme in
the form incentives and financial support to the exporters of capital goods.
However, this is not recommendable for those who don’t anticipate to produce in
quality or sell the entire manufactured product within the country. It is almost
unbearable to accomplish the obligations set under this scheme. Hence, to qualify
under EPCG scheme the commodity manufactured in India must be exported outside
India.
Documents mandatory for obtaining EPCG License
The
licensing issuing authority Director General of Foreign Trade (DGFT). It should be filled along with Self-certified
copies of the followings:
- You need to obtain Import
Export Code (IEC)
- Membership cum
Registration Certificate (RCMC)
- Digital signature
Certificate (DSC)
- Registration
certificate from Tourism Department
- Attested copy of Pan
Card
- Excise Registration
(if registered)
- Certificate of GST
Registration
- Proforma Invoice
- Self-Certified Copy
+ Original of Certificate of Chartered Accountant
- Self-Certified Copy
+ Original of Certificate of Chartered Engineer
How to obtain an EPCG
License?
To
obtain a License under EPCG scheme, it is mandatory to file an application to
licensing authority of Director General of Foreign Trade. The application shall
be attached with the obligatory documents along with the company and personal
details. You can also hire business and financial Business consulting firm like ASC Group. They helps to obtain EPCG license by Evaluation of capital goods’
eligibility, Preparation & filing of application along with requisite
certificate & documents, Representation & liaising with Department, Redemption
of EPCG Authorization on completion of Export Obligation, etc.
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