Could India clarify the process of simplification the existing 3% EPCG Scheme?
Reply: Some of the measures undertaken for simplification of EPCG scheme in the recent times are simplification of the EPCG application and the documentation required for discharge of obligation, introduction of EPCG authorization for Annual requirement, facility of a data preparation module for EPCG schemes on an offline mode as well. These measures have reduced the transaction time significantly.
(iii) Support to status holders: additional duty credit scrip @ 1% of the FOB value of past export shall be granted for specified product groups including leather, specific sub-sectors in engineering, textiles, plastics, handicrafts and jute.
