What is epcg and how it's work

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EPCG stands for Export Promotion Capital Goods scheme, which allows import of capital goods for pre-production, production, and post-production at zero customs duty.

EPCG scheme is a government initiative to promote exports by allowing duty-free import of capital goods.
The imported capital goods must be used for pre-production, production, or post-production activities.
Exporters can fulfill their export obligations over a period of time as specified by the scheme.
If the export obligations are not met, the duty saved on capital goods imported under EPCG scheme becomes payable with interest.
Example: A textile manufacturer imports machinery under EPCG scheme to enhance production capacity for exporting goods.
Example: An electronics company imports equipment under EPCG scheme to improve manufacturing processes for exporting products.

What is epcg and how it's work

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