Respected Sir,
One of our client from hotel industry wants to avail EPCG benefit. He is asking us to import the material for him against EPCG licence. My queries are :
1[Can hotel industries get EPCG benefit?
2]To what extent duty can be saved?
3]As we are importing the material for him what documents should we ask from him?
4]What other precautions are required to be taken by us as a Indian supplier for imported material?
Please advice.
For Service Provider Various service providers/exporters can take EPCG route to reduce their Capital Cost. Service Providers like Hotels, Tour Operators, Taxi Operators, Construction Companies, Logistics companies can utilize the scheme to import/procure from domestic market, their capital goods at a substantially reduced costs. The EO can be fulfilled by Forex Earnings through providing services, like that of Foreign Guests staying in the hotel, medical tourism etc.
MORE information:
https://www.ittaindia.org/control/include/government_pdffile/8638-EPCG%20Scheme.pdf
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