New Scheme Lets Exporters Import Capital Goods, Earn Duty Credit Scrips for Future Use Under Foreign Trade Policy

The Post Export EPCG Duty Credit Scrip Scheme allows exporters to import capital goods by paying applicable duties in cash and receive a duty credit scrip equivalent to the Basic Customs duty paid. This scrip is freely transferable and similar to those issued under Chapter 3 of the Foreign Trade Policy. Exporters must apply for authorization, which specifies conditions like installation and non-disposal of goods. Upon fulfilling specific and average export obligations, a duty credit scrip is issued, valid for 18 months, to offset duties on future imports. The scheme aligns with previous EPCG provisions unless inconsistent.

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