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EPCG(Export Promotion Capital Goods Scheme) is a scheme in which one can import the capital goods which may be for pre-production, production or post production as well as computer software systems, spares parts, fixtures, dies, moulds at very concessional rate of custom at 0% in some sectors and 3.09% for all sectors whereas the normal custom duty is 23.895%. Thus this scheme saved at least 20% of the duty value on the import. This scheme is subject to the export obligation equivalent to 6 times or 8 times (sector wise) of duty saved in the time frame of 6/8 years. This scheme is for manufactures as well as vendors, service providers as well.
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What is the meaning of income-generating scheme?
a type of scheme
What are the merits and demerits of monetization scheme on government employees?
Some of the merits are: preferential treatment is abolished i.e., everyone are treated alike. All employees are benefited by this scheme. No middle men are needed as the scheme reaches the employees directly. However some demerits are: there are technical problems and inefficiency in planning, Corruption increases and enormous deficits will arise.
What incentives are created under a market allocation scheme?
equal results for all
What is DEEC advance license scheme?
Deec means duty exemption entitlement caerificate
Scarcity implies that the allocation scheme chosen by society can?
typically make more of a good but at the expence of making less of another
What is the procedure for availing epcg scheme?
rules for credit
What is the long form of EPCG EOU?
The Export Promotion Capital Goods scheme (EPCG) that allows import of capital goods at 10 per cent customs duty. EOU is export oriented unit.
What is the content of epcg?
EPCG, or Export Promotion Capital Goods Scheme, is an initiative by the Government of India that allows exporters to import capital goods at zero or reduced customs duty. This scheme aims to enhance the production capacity of Indian manufacturers and boost exports by providing them access to advanced technology and machinery. Under the EPCG scheme, exporters are required to fulfill specific export obligations within a stipulated time frame. It helps in promoting Indian goods in international markets by making production more efficient and cost-effective.
What is epcg license?
It is Export promotion Capital Goods Scheme. This scheme allows importer to import capital goods with paying custom duty. But the importer has to export 6/8 times of the value duty saved depending on condition laid down in the license.
Full form of EPCG?
export promotion capital goods
What govt schemes are available for garment product in India?
the government is offering few scheme for garment exporter such drawback / depb (duty entitalment pass book) scheme, the rate of rebate subject to change time to time as per dgft concern and the exporter can compete the foreign market by the help of it there are many other benefit from dgft for all products including garments, the scheme are vkuy/dfrc/deec/epcg are the beneficial scheme for more details call 9702538778 or mail to indravijay_solutions@yahoo.com
What is antyodaya scheme?
aim of antyodya scheme
How do you use the word scheme in a sentence?
That scheme is really great. Do not invest in fraud Schemes.
What is a double complementary color scheme?
this is a rectangular(tetradic)color scheme,also a square color scheme
When rhyming is organized into patterns and can be labeled aaba it is called?
Rhyme Scheme
How do you use scheme in sentence?
scheme is where you make plans
Sentence with the word scheme?
The scheme was very succesful.
