EPCG Benefits in domestic procurement

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... EPCG Benefits in domestic procurement
Query (Issue) Started By: - mk Jain Dated:- 17-2-2024 Last Reply Date:- 25-2-2024 Customs - Exim - SEZ
Got 2 Replies
Customs
If we are taking ITC ben .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... efits then what is the additional benefit othe than IGST in procurement from domestic supplier under EPCG as deemed export. Any other faclity of Raw material purchase for export of goods. MK Reply .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... By KASTURI SETHI: The Reply: Dear Querist, For this purpose, go through the following paras of FTP 2023 :- (i) Para no.5.07 (ii) Para no. 6.08(a) (iii) Para no.7.03 Reply By Shilpi Jain: The .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Reply: EPCG main benefit is exemption from customs duty on export. For domestic procurement it is relief from payment of IGST lessening the burden on the cash flows. However, export fulfillment sho .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... uld be possible.
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X