DGFT adds new service providers under EPCG Scheme; MSME units to benefit

New Delhi, Oct 31 (KNN) Giving boost to the job working units, many of them are from micro, small and medium enterprises (MSMEs), the Director General of Foreign Trade (DGFT) has recently included a list of service providers under the Common Service Providers (CSP) in the Export Promotion Capital Goods (EPCG) scheme.

In a notification DGFT said this adding that the newly added CSP can now avail EPCG benefits.

DGFT said, “There may be multiple garment exporters obtaining services at different stages of garment manufacturing, such as knitting, dyeing, compacting, printing, embroidering, labelling, cutting etc, from a number of other units who own these facilities but do not engage in the export of garments. These job workers will now have the flexibility to not own all the infrastructures for conversion from input to final export products, but are eligible to get benefits under the EPCG scheme.”

The small garment exporting units mostly do not have the integrated facilities and others depend on job working units only for their manufacturing activities.

The notification in this regard was issued in September by DGFT. (KNN Bureau)