What is the full form of EPCG?

The full form of EPCG is "Export Promotion Capital Goods." EPCG is a scheme introduced by the Government of India to promote the import of capital goods to enhance the export competitiveness of Indian industries. Under the EPCG scheme, eligible exporters can import capital goods at concessional customs duty rates or even duty-free, subject to certain export obligations. The scheme aims to facilitate acquiring advanced technology and machinery by Indian exporters to improve their manufacturing capabilities and enhance export performance.