Duty free procurement of capital goods allowed under
the Zero Duty EPCG Scheme has been extended up to 31 March 2013. Additionally,
the scope of the Scheme has been extended to the entities availing benefits
under the Technology Up gradation Fund Scheme (TUFS) if (a) the benefits under
Zero Duty EPCG scheme are availed by another line of business of the applicant
or (b) the benefits under the TUFS already availed are surrendered / refunded
along with applicable interest.
Besides, the benefits under the Zero Duty EPCG Scheme have been extended to the holders of the Status Holder Incentive Scrip (SHIS) if the benefits of SHIS already availed are surrendered along with applicable interest.
Post-export EPCG Scheme
ReplyDeleteA new Post-export EPCG Scheme has also been introduced wherein the exporters can import capital goods on payment of duty and thereafter receive duty credit scrips on actual exports made in proportion to export obligation. The export obligation under the Scheme would be 85% of the normal Export Obligation.