Why in news?

• Ministry of Commerce has relaxed various procedures under EPCG scheme to reduce compliance requirements and facilitate ease of doing business.
• EPCG, zero duty scheme, enables import of capital goods that are used in pre-production, production, and post-production without payment of customs duty.
• Exporter has to export finished goods worth six times of actual duty saved in value terms in six years.
• EPCG authorization holder can export either directly or through third party.