This website uses cookies to ensure you have the best experience. Learn more

Epcg 2011 2014 Essay

1931 words - 8 pages

INTERNAL BACKLOG ASSIGNMENT
EXPORT-IMPORT POLICIES AND PROCEDURES

Q. Discuss and evaluate EPCG scheme under 2009-2014 Foreign Trade policy.
A. The Export Promotion Capital Goods (EPCG) scheme was one of the several export-promotion initiatives launched by the government in the early '90s. The basic purpose of the scheme was to allow exporters to import machinery and equipment at affordable prices so that they can produce quality products for the export market.
The import duty on capital goods — like all other items — was high during that period, inflating the cost of capital goods nearly 50%, so the government allowed exporters to import capital goods at only 25% import duty. For ...view middle of the document...

Export proceeds are to be realized in freely convertible currency except for deemed exports. Import of capital goods imported under the EPCG scheme shall be subject to Actual User condition till export obligation is completed.
Export Obligation under EPCG scheme is required to be fulfilled by export of goods manufactured /services rendered by the applicant. There are two types of export obligation that are mandatory. First, Annual Average in which export obligation is over and above, the average level of exports achieved by the authorization holder in the preceding three licensing years for the same and similar products within the overall export obligation period including extended period, if any. Such average would be the arithmetic mean of export performance in the last three years for the same and similar products. Secondly, Specific Average which is 6 times the duty saved amount in which the Authorization holder shall also fulfil a minimum of 50% export obligation in each block of years - the first block being of 4 years and the second block is of 2 years.
Royalty payments received in freely convertible currency and foreign exchange received for R&D services shall also be counted for discharge under EPCG.
EPCG Authorization holder may also source capital goods from a domestic manufacturer. Such domestic manufacturer shall be eligible for deemed export benefit under FTP. EPCG Authorization holders can opt for Technological Upgradation of existing capital good imported under EPCG Authorization. Import of second hand capital goods is not permitted under the EPCG scheme. To incentivize fast track companies to accelerate exports, there is a provision for early redemption and in cases where Authorization holder has fulfilled 75% or more of specific export obligation and 100% of Average Export Obligation till date, if any, in half or less than half the original export obligation period specified , remaining export obligation shall be condoned.
Authorization holder is required to submit to RA concerned by 30th April of every year, report on fulfillment of export obligation.
The scheme allows one or more requests for grant of extension in export obligation period, on payment of composition fee equal to 2% of proportionate duty saved amount on unfulfilled export obligation or an enhancement in export obligation imposed to the extent of 10% of total export obligation imposed under authorization, as the case may be, at the choice of exporter, for each year of extension sought.
Such first extension in EO period can be for a maximum period of 2 years. Extension in EO period beyond two years’ period may be considered, for a further extension upto 2 years with a condition that 50% of duty payable in proportion to the unfulfilled export obligation is paid by authorization holder to Custom authorities before an endorsement of extension is made on EPCG authorization by RA concerned. In such cases, no composition fee is to be paid or...

Other Essays Like Epcg 2011-2014

The French And Indian War: The "Real" First World War

1955 words - 8 pages The Seven Years War, or more commonly referred to as “The French and Indian War”, has been called the true First World War. In this book The French and Indian War: Deciding the Fate of North America, the author and historian Walter R. Borneman paints a detailed and elaborate picture that justifies the claim of it being the first true war of global proportions. If ever there truly was a climax to the never ending feud of the European powers

Is The Use Of Animals In Medical Research A Necessary Measure?

1513 words - 7 pages and doctors alike for extra surgical practice when learning their professions. In vitro studies can be used to create a closed environment for research allowing for better experimental outcomes. People themselves can volunteer to participate in human studies by donating their time or even blood or cells from their bodies. Works Cited "Animals Used in Research." AAVS.org. American Anti-Vivisection Society, 2011. Web. 6 Dec. 2011. J

Education And The Evolving Job Market

2363 words - 10 pages grouping is another strategy that also works well for academically diverse classrooms. It allows students to sometimes work alone, other times with partners or small groups, and even still be involved in whole group instruction (Hess, 2011). Teachers can group students according to abilities and interest, set up peer-to-peer tutors or sharing groups, or allow students to choose their own groups (Gregory, et al. 2007). In a differentiated classroom

Young And Relentless

1737 words - 7 pages to their children about life altering problems such as smoking, sexual activity, and drinking alcohol, they will become better off as their lives go on. Once parents take an active role in being a role model for their kids, the more likely they will develop and mature into early adults. Works Cited Carty, Daniel. “Camel Cigarette Ads Score Big with Teen Girls.” CBS News. 15 March 2010. Web. 26 November 2011. Cuda, Amanda. “National study

The Natural Law Theory

1231 words - 5 pages . 2011. Web. 07 Dec. 2011. . Holt, Tim. "Philosophy of Religion » Natural Law Theory." Philosophy of Religion. 2008. Web. 06 Dec. 2011. . Magee, Joseph M. "St Thomas Aquinas: On Natural Law." Thomistic Philosophy - the Philosophy Thomas Aquinas. 27 Aug. 1997. Web. 05 Dec. 2011. .

Resolved: Presidential Signing Statements Threaten To Undermine The Rule Of Law And The Separation Of Powers

1811 words - 8 pages The subject of signing statements has created much debate among the houses of Congress, government officials, and the public alike. These signing statements fall under the categories of constitutional and legislative history signing statements. Constitutional signing statements are those in which the president deems certain provisions of the legislation as unconstitutional, therefore they should not be enforced (Bradley & Posner, 2006

Oppressive Systems Of Government In Egypt And Animal Farm

1529 words - 7 pages themselves of the unjust bureaucracy that had ruled them for so long. While both leaders used similar strategies to establish and maintain control, the results were opposite, proving that not all of the time do these oppressive tactics work. Works Cited Rhoads, Christopher, and Geoffrey A. Fowler. "Egypt Shuts Down Internet, Cellphone Services." Http://online.wsj.com. The Wall Street Journal, 29 Jan. 2011. Web. 6 Dec. 2011.

The Pathway To Psychosis

1415 words - 6 pages of the interplay between psychosis and depression symptoms in the pathogenesis of psychotic syndromes: results from a twenty-year prospective community study examines the relationship between psychosis and depression symptoms in the onset of psychosis, using evidence from the Zurich study (Rossler, et al., 2011, pp. 11-13). The 20 yearlong study, which was conducted in Switzerland, involved a sample of 4547 subjects (2201 men

Rated “M” For “More Censorship Not Needed”

1241 words - 5 pages Since the moment video games became a commercial success there have been people who have pushed for unfair amounts of censorship to be placed upon the content of the games and its availability to children. These groups push for increased regulations on content but there is already an appointed group to handle this issue, the ESRB. Even though there has been an increase in mature content in the video game industry, increased censorship is not

Four Components Of A Legally Astute Social Media Marketing Manager

1914 words - 8 pages With the advances in technology constantly changing companies have to find better ways to market their products to consumers. The explosion of Facebook has given companies a way to market products to consumers. Examine how a legally astute manager can use social media to his advantage. Review different forms of dispute resolution and determine which one works the best. What is the best course of action, the government can use to

Obama's Values

1217 words - 5 pages As individuals, we don’t tend to take action unless it’s for self-interest; however, in Dreams from My Father, Obama spends three years, after college, as a community organizer in Chicago. Obama goes through tribulations, disappointments, and even complete failures organizing meaningful events, decisive meetings, and humble gatherings but he keeps working toward achieving any possible change in the community. Even though results give him every

Related Papers

The Separation Of Capital Ownership And Control

1577 words - 7 pages The argument of whether the separation of capital ownership and control is an efficient form of organization has constantly been a controversial issue. The criticism whether the controllers’ act is in the best interest of the owners’ wills never end as long as hired managers operate management. As the number of public companies has been increasing over the course of this century, meanwhile the American style of contact based corporation has

The Versatility And Flexibility Of Oled's

1014 words - 5 pages Shinar. Optical Sensors and Multisensor Arrays Containing Thin Film Electroluminescent Devices. Iowa State University Research Foundation, Inc., assignee. Patent US 6,331,438 B1. 18 Dec. 2001. Print. Freudenrich, Craig. "HowStuffWorks "How OLEDs Work"" HowStuffWorks "Electronics" How Stuff Works. Web. 28 Nov. 2011. . "Future Technologies." Michigan State University. Est. 1855. East Lansing, Michigan

Comparing The Moral Virtues Of Antony And Julian The Apostate

1103 words - 5 pages Roman emperor Julian the Apostate and Christian leader Antony both exhibited many qualities of character during their existence. Both of them led very distinctive lives although shared several ethical values. Book 25 of “The Later Roman Empire” and the book “Early Christian Lives” show concrete evidence of this. In the following essay, I will argue how both leaders’ lives were devoted to their religious beliefs and their mutual cardinal virtues

Living In A Cashless Society Essay

1637 words - 7 pages Money in a traditional sense no longer exists. Money is becoming much of a concept than a physical material, and most ordinary bitter have not see the reality of the switch. People today are using credit and debit cards on a regular basis and in everyday situations such as meal purchased at fast food, highway tolls, clothing, groceries, gas stations, etc. all of these means of systems could be regarded as a cashless society or world. The question