Zero customs duty
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 May 2013
Can you please tell me the items which have zero customs duty when exported from India to Sri Lanka?
RAMESH KUMAR VERMA
(Expert)
14 May 2013
The Zero duty EPCG scheme allows import of capital goods for pre production, production and post production (including CKD/SKD thereof as well as computer software systems) at zero Customs duty.
Export Obligation is equivalent to 6 times of Duty Saved on the Capital Goods imported under EPCG scheme. E.O. to be fulfilled in 6 years from the Authorization issue-date.
Import of cars and other vehicles will not be allowed under the new zero duty scheme.
However, hotel and travel industry will be allowed to import motor cars under Served From India Scheme (‘SFIS’);
The scheme will be available for exporters of engineering & electronic products, basic chemicals & pharmaceuticals, apparels & textiles, plastics, handicrafts, chemicals & allied products, leather & leather products, paper & paperboard and articles thereof, ceramic products, refractories, glass & glassware, rubber & articles thereof, plywood and allied products, marine products, sports goods and toys.
MORE INFO:
https://www.leatherindia.org/policy/export-promotion-capital-goods-scheme.asp
Export Obligation is equivalent to 6 times of Duty Saved on the Capital Goods imported under EPCG scheme. E.O. to be fulfilled in 6 years from the Authorization issue-date.
Import of cars and other vehicles will not be allowed under the new zero duty scheme.
However, hotel and travel industry will be allowed to import motor cars under Served From India Scheme (‘SFIS’);
The scheme will be available for exporters of engineering & electronic products, basic chemicals & pharmaceuticals, apparels & textiles, plastics, handicrafts, chemicals & allied products, leather & leather products, paper & paperboard and articles thereof, ceramic products, refractories, glass & glassware, rubber & articles thereof, plywood and allied products, marine products, sports goods and toys.
MORE INFO:
https://www.leatherindia.org/policy/export-promotion-capital-goods-scheme.asp
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- Import Order Cancelled.
- GSTR-9C filing
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- Royalty payments to the Mining Department for procurement of murum - GST input
- Section 269ST applicability for capital introduced by partner to his partnership firm
- Form 144 TDS Return Validation Error – Mandatory Fields
- Intimation under section 245
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
