Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Remove duty on farm capital goods imports: Assocham.


Date: 02-03-2012
Subject: Remove duty on farm capital goods imports: Assocham
New Delhi: The government should extend the benefit of zero percent duty on import of capital goods to the agriculture sector aimed at increasing productivity and match global standards, Assocham has said.

At present, the import of capital goods by agriculture sector attracts 3 percent duty, it said.

The government should extend the Export Promotion Capital Goods (EPCG) scheme to agriculture sector to encourage Indian manufacturers to continuously upgrade their technology and deliver products of global standards, it said.

There is a need to increase productivity and ensure availability of essential commodities at reasonable prices in domestic market, the chamber said.

"If the benefit of zero duty EPCG is extended to stakeholders, it will help them to leverage their strengths," Assocham Secretary General D S Rawat said.

The government had extended the zero-duty EPCG scheme by one year to March 31, 2012. At present, the scheme covers sectors, including engineering and electronics, textiles and handicrafts.

Under it, a person can import capital goods at zero customs duty subject to an export obligation equivalent to six times of duty saved to be fulfilled in six years.

Source : zeenews.india.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 18-09-2025
Corrigendum
Corrigendum to Notification No. 9/2025 – Central Tax (Rate) dated 17.09.2025

Date: 17-09-2025
Notification No. 13/2025-Central Tax (Rate)
Seeks to amend Notification No. 21/2018- Central Tax (Rate) dated 26.07.2018.

Date: 17-09-2025
Notification No. 14/2025-Central Tax (Rate)
Seeks to notify GST rate for bricks.

Date: 17-09-2025
Notification No. 37/ 2025-Customs
Seeks to amend Notification No.19/2019-Customs dated 06.07.2019

Date: 17-09-2025
Notification No. 38/ 2025-Customs
Seeks to amend Notification No.29/2025-Customs dated 09.05.2025

Date: 17-09-2025
Notification No. 39/2025-Customs
Seeks to amend Notification No.50/2017-Customs, dated 30.06.2017

Date: 17-09-2025
NOTIFICATIONNo. 15/2025 – Central Tax
Seeks to exempt taxpayer with annual turnover less than Rs 2 Crore from filing annual return.

Date: 17-09-2025
NOTIFICATION No. 16/2025–Central Tax
Seeks to notify clauses (ii), (iii) of section 121, section 122 to section 124 and section 126 to 134 of Finance Act, 2025 to come into force.

Date: 17-09-2025
Notification No. 12/2025-Central Tax (Rate)
Seeks to amend Notification No. 8/2018- Central Tax (Rate) dated 25.01.2018.

Date: 17-09-2025
NOTIFICATION No. 14/2025 – Central Tax
Seeks to notify category of persons under section 54(6).



Exim Guru Copyright © 1999-2025 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001