EPCG( Export Promotion Capital Goods) scheme was initially launched in early '90s, for the purpose of allowing exporters to import basic machinery and tools at an affordable price, so that they could produce quality product for the export market.and thus buying capital goods at affordable price , exporters could compete internationally. Initially , the duty was reduced to 25 % but gradually it has been reduced to zero percent till 2013.
Government has now decided to extend the EPCG beyond March 2013 and extend the benefit of EPCG to all sectors
Government has now decided to extend the EPCG beyond March 2013 and extend the benefit of EPCG to all sectors
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