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Commerce Ministry relaxes EPCG norms to promote ease of doing biz

The latest relaxation will be available for hotel, healthcare, and educational sectors, the commerce ministry said

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Press Trust of India New Delhi
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 relaxation will be available for hotel, healthcare, and educational sectors, the commerce ministry said in a statement.

"This relaxation has been provided in light of the economic slowdown caused by the COVID-19 pandemic. This relief will help the hotel, healthcare and educational sectors to cope with

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First Published: Jan 20 2023 | 10:54 PM IST

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