The Parliamentary Public Accounts Committee (PAC), chaired by K. C. Venugopal, is contemplating scrutinising the Export Promotion Capital Goods (EPCG) Scheme, which provides import benefits to exporters.
The Directorate General of Foreign Trade (DGFT) has announced enhancements to the Export Promotion Capital Goods (EPCG) Scheme aimed at simplifying processes, reducing transaction costs, and promoting automation to benefit exporters.
The sectors that are eligible for this relief are the hotel, healthcare and educational sectors. For the years 2020-21 and 2021-22, these sectors will not be required to maintain average export obligation for EPCG authorisations issued to them.
New Delhi [India], January 24 (ANI): Exports of engineering goods surged 54 per cent to $81.8 billion during the April-December 2021 period as compared with $52.9 billion recorded during the same period of the previous year, the government data showed on Monday.
New Delhi [India], February 27 (ANI): The Apparel Export Promotion Council (AEPC) on Saturday thanked the government for declaring Noida as a town of export excellence for apparel products, saying it will help set up expensive facilities for common use by exporters in the region.