The Export Promotion Capital Goods (EPCG) Scheme is designed to facilitate the import of capital goods for producing quality goods and services, thereby enhancing India's export competitiveness.
• Statement I: Under the EPCG Scheme, manufacturers can import capital goods for pre-production, production, and post-production stages at zero customs duty, provided they fulfill the export obligation criteria.
• Statement II: Capital goods are indeed physical assets such as machinery, equipment, or accessories used in the production process to manufacture products or services.
• Statement III: The EPCG Scheme is a trade promotion initiative by the Indian government that allows duty-free import of capital goods for export production purposes, aiming to enhance export capabilities.
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