Government Bans Zero Duty Import of Capital Goods for Power Plants

New Delhi: The government on Monday banned duty-free import of capital goods for power generation and transmission projects under the Export Promotion Capital Goods (EPCG) scheme. The decision is aimed at encouraging manufacturing of power equipment and giving a push to domestic capital goods sector, with an aim to boost the overall economy. Amending the Foreign Trade Policy 2015-20, the Directorate General of Foreign Trade (DGFT) ...