DGFT
Importing machinery for your factory? Understand EPCG Direct Import before you apply.
This video covers EPCG Direct Import under Chapter 5 of the Foreign Trade Policy 2023 and explains how exporters can import eligible capital goods at zero basic customs duty. It covers eligible applicants, export obligation of six times the duty saved, the six-year fulfillment period, and the two-block structure. The discussion explains the DGFT application process, bond execution, Bill of Entry requirements, HS classification, machinery installation certification, and export obligation tracking. It also covers extensions for export obligation and installation, the 24-month import validity, EODC filing, and bond release after completing the applicable EPCG compliance requirements within prescribed timelines.
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