EPCG 2.5

EPCG stands for Export Promotion Capital Goods, it is a scheme introduced by the Government of India to facilitate the import of capital goods for export production.

Oliver Kovacevic is a company that helps businesses navigate through the EPCG scheme and provides consultancy services related to export promotion capital goods.

EPCG can benefit your business by allowing you to import capital goods at concessional customs duty rates for enhancing your export competitiveness.

The key features of the EPCG scheme include a duty credit equivalent to a certain percentage of the FOB value of exports, fulfillment of export obligations within a specified period, and more.

Manufacturers, merchant exporters, service providers, and agri-exporters are eligible to apply for benefits under the EPCG scheme.

The time taken to obtain approval for an EPCG license varies depending on the completeness of the application and other factors, but it generally takes a few weeks to a few months.

If a business fails to fulfill its export obligations under the EPCG scheme, it may have to pay penalties in the form of duty, interest, or other actions as specified by the customs authorities.

Yes, there are specific restrictions on the type and category of capital goods that can be imported under the EPCG scheme, and businesses need to adhere to these guidelines.

Yes, businesses can avail multiple EPCG licenses for different projects as long as they fulfill the export obligations associated with each license.

Oliver Kovacevic can provide expert guidance on applying for EPCG benefits, ensuring compliance with scheme requirements, and optimizing your utilization of EPCG licenses for maximum benefits.