EPCG Scheme Explained: How to Save Duties and Boost Exports
For Indian exporters looking to enhance their global competitiveness, the EPCG (Export Promotion Capital Goods) scheme is a powerful incentive designed to reduce the cost of importing capital goods used for manufacturing export products. If your business is based in Madhapur, Hyderabad , understanding and leveraging the EPCG scheme can significantly improve your bottom line. Steadfast Business Consultants LLP (SBC) specializes in guiding exporters through the EPCG application and compliance process to help save duties and boost exports efficiently. What Is the EPCG Scheme? The EPCG scheme, introduced by the Government of India under the Foreign Trade Policy, allows exporters to import capital goods at a concessional customs duty rate, often as low as 0%, instead of the full applicable customs duty. These capital goods include machinery, equipment, and spares used to manufacture goods for export. The main objective of the EPCG scheme is to encourage exporters to upgrade technol...