Export Promotion Capital Goods

Government to identify 100 districts to develop as export hubs: DGFT

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Government to identify 100 districts to develop as export hubs: DGFT

The government will identify close to 100 districts across the country to turn them into export hubs by adopting a “bottom-up approach”, Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi said on Friday. “Our idea is to involve more youngsters at the district level (like collectors) so that they see the initiative to boost … Read more

Govt eases norms for certain sectors under Export Promotion Capital Goods scheme

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Govt eases norms for certain sectors under Export Promotion Capital Goods scheme

In a relief to exporters from hotel, healthcare, and educational sectors, the government on Friday announced a one-time relaxation for them with respect to maintaining the average export obligation under the Export Promotion Capital Goods (EPCG) scheme. Under the scheme, imports of capital goods are allowed duty free, subject to an export obligation. The latest … Read more