SFIS / DFCEC License is issued to eligible indian service providers having free foreign exchange earnings.
It can be utilised for duty-free imports of office & professional equipment, spares, furniture and consumables; including food items and alcoholic beverages in the case of hotels.
ADVANCE LICENSE SCHEME:
Advance License is issued to allow duty-free import of inputs which are physically incorporated or consumed in the export product.
Advance License is issued on the basis of the inputs and export items as given under SION norms. However it can also be issued on the basis of Adhoc Norms or Self Declared Norms.
EPCG LICENSE SCHEME:
EPCG (Export Promotion Capital Goods) Scheme License is issued to allow import of capital goods (including spare parts, fixtures, etc) which may be for pre-production, production or post production; at a concessional rate of customs duty of 0% or 3.09%.
It is subject to the export obligation equivalent to 6 times or 8 times (sector-wise) of duty saved in the time frame of 6 / 8 years.
For further details, requirements or enquiry kindly send email to: Mr. Aashish Kasbekar