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Can hotel get epcg benefits against import of material?

1749 views 1 replies

bkramdasi

MBA

131 Points Posted on 16 August 2013

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.

Replies (1)

RAMESH KUMAR VERMA

CS PURSUING

43853 Points Posted on 16 August 2013

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