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Export Promotion Capita Goods scheme needs reassessment: PAC chairman
The Business Guardian
|September 30, 2025
The Parliamentary Public Accounts Committee (PAC), chaired by K. C. Venugopal, is contemplating scrutinising the Export Promotion Capital Goods (EPCG) Scheme, which provides import benefits to exporters.
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"Today's agenda is very clear. (There was a) Discussion on the audit relating to the Ministry of Commerce, DGFT (Directorate General of Foreign Trade), CBIC (Central Board of Indirect Taxes and Customs), and customs on the scheme which benefits imports," Venugopal told ANI after the meeting.
The basic idea is to increase the manufacturing sector, but whether that has happened or not, we examine it thoroughly today, he said, adding that the scheme needs to be reassessed.
This story is from the September 30, 2025 edition of The Business Guardian.
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