Team-BHP - View Single Post - A8 4 les than the E,what is EcoTimes talking about

GTO · 4th March 2004, 13:31

Quite honestly, there is no single resource of information on the EPCG scheme. Every govt. branch seems to have its own version. I had contacted the office at Marine Lines, and this is the information I got from them :

1. You have to be in the hotel, tourism or travel industry. Basically EPCG stands for Export Promotion Capital Goods (even autocar had provided with this full form), which means that whatever you are importing should help you to earn more foreign exchange.
2. You forex revenue should be atleast 5 times the value of the car you wish to import. Thus if you want to import a $20,000 car from the US, you must be pulling in atleast $100,000 in forex.

I had inquired and the Camry (fully loaded version with leathers et all) was available for a mere 9 lacs.

Sweet deals, arent they?

GTO

4th March 2004, 13:31	#4 (permalink)
GTO Team-BHP Support Join Date: Feb 2004 Location: Bombay Posts: 13,701	Quite honestly, there is no single resource of information on the EPCG scheme. Every govt. branch seems to have its own version. I had contacted the office at Marine Lines, and this is the information I got from them : 1. You have to be in the hotel, tourism or travel industry. Basically EPCG stands for Export Promotion Capital Goods (even autocar had provided with this full form), which means that whatever you are importing should help you to earn more foreign exchange. 2. You forex revenue should be atleast 5 times the value of the car you wish to import. Thus if you want to import a $20,000 car from the US, you must be pulling in atleast $100,000 in forex. I had inquired and the Camry (fully loaded version with leathers et all) was available for a mere 9 lacs. Sweet deals, arent they? GTO __________________ GTO Change the way you think, and watch the world change around you. Please don't PM for support. Use the Contact Form instead. Please read the NEW Team-BHP FAQ section for all your queries.