Reduce Import Duty on Capital Goods for Exports

The Export Promotion Capital Goods (EPCG) Scheme is a program offered by the Indian government to encourage businesses to export. It provides a significant benefit to manufacturers and service providers by reducing the cost of importing capital goods. Under this scheme, eligible companies can import machinery, equipment, and other tools needed for pre-production, production, and post-production activities at zero or minimal customs duty. This can include plant, spare parts, testing equipment, and even initial supplies of catalysts.