Export Promotion Capital Goods (EPCG) scheme allows import of capital goods including spares for pre production, production and post production at zero duty subject to an export obligation of 6 times of duty saved on capital goods imported under EPCG scheme, to be fulfilled in 6 years reckoned from Authorization issue

The authorisation holder of the EPCG is allowed to import capital goods at a customs duty of 0% or 3%. The 0% customs duty requires the authorisation holder to undertake export obligation amounting to 6 times of the amount saved on duty on the capital goods.

The Duty Drawback Scheme allows exporters to get a refund on customs duty paid on imported goods, where those goods are: to be treated, processed, or incorporated in other goods for export, or. are exported unused since importation

The Export Promotion Capital Goods (EPCG) scheme was one of the several export-promotion initiatives launched by the government in the early ’90s

Registration-Cum-Membership Certificate (RCMC) is a certificate that validates an exporter dealing with products registered with an agency/ organization that are authorised by the Indian Government. The certificate is issued for five years by the Export Promotional Councils or commodity board in India.

As per the Foreign Trade Policy, an exporter is required to get a Registration-cum-Membership Certificate (RCMC) for availing various benefits under the Policy. For registration purposes, FIEO has been recognized by the Government as an Export Promotion Council.

With respect to the export of scheduled products, APEDA registration is mandatory. … Registered members can participate in training programmes organized by APEDA for various scheduled products and thereby improve their business.

An Importer -Exporter Code (IEC) is a key business identification number which mandatory for export from India or Import to India. No export or import shall be made by any person without obtaining an IEC unless specifically exempted.

To generate IEC code for your business, an application for grant of IEC number is made by the Registered/Head office of the applicant and you need to visit the nearest Regional Authority of Directorate General Foreign Trade. IEC number is issued on a official PAN number.

Services is also required. IEC stands for Import Export Code. It is a 10 digit number which is allotted by the director general of foreign trade (DGFT), Ministry of Commerce. … If import or export is made for personal use or is made by government department then no IEC is required.

Must be accompanied by any import licenses. This will enable the customs to clear the documents and allow the import without delay. These must be attached so that the customs can verify the price and decide on the classification under which the import tariff can be calculated.