Chartered Engineer Certificate for EPCG License
If you’re looking for Certification for EPCG License in Delhi NCR, Sapient Services should be your ideal choice. For the Export Promotion Capital Goods (EPCG) Scheme in India, we assist manufacturers and exporters in getting DGFT-approved Chartered Engineer Certificates. For importing capital goods, we ensure full compliance. Through all stages, such as obligation fulfilment and authorization, we assist our clients. Corporations, export houses, and MSMEs across Faridabad, Gurugram, Noida, and Delhi, as well as across India, trust us. We offer EPCG certification and consultancy services that are fully backed by Chartered Engineers, helping businesses grow in global markets.
Understanding the EPCG Scheme
The Indian government introduced the Export Promotion Capital Goods (EPCG) scheme to promote the export of capital goods. It gives Indian manufacturers a chance to import capital goods with a deferred payment option at a reduced cost.
In the global environment, the aim of the EPCG scheme is to make Indian manufacturers more competitive, encouraging them to export more. If you’re an Indian business owner on the lookout to expand your exports, you should try to understand the EPCG scheme.
Key Objectives of the EPCG Scheme:
- Through zero-duty imports, reduce capital cost.
- For export-oriented sectors, enhancing the capacity of production.
- Improving the export performance of India in the international market.
- In Indian industries, encourage modernization and the infusion of technology.
Who Can Avail the EPCG Scheme?
The EPCG scheme’s benefit can be availed of by the following.
- Common Service Providers who have been certified under the guidelines issued by DGFT.
- Merchant Exporters who have an association with service providers or supporting manufacturers.
- Designated Service Providers who have to deal with export-linked projects.
- Manufacturer Exporters(without or with supporting manufacturers.
Certification Requirement: Role of Chartered Engineers
Before an EPCG Authorization is issued by DGFT, a certificate needs to be submitted by the applicant from an Independent Chartered Engineer. The certificate should confirm the following:
- The capital goods end-use and requirement.
- Increase in production capacity over time.
- Imported goods link with the export process.
Once capital goods and the machinery that have been imported are operational and installed, a Chartered Engineer Installation Certificate is mandated by the DGFT. The certificate confirms that:
- At the specified location the imported machinery’s installation has been done.
- For export, production has started.
- EPCG license conditions have been met.
Sapient’s Expertise in EPCG License Certification
Among manufacturers and exporters on the lookout for EPCG License Certification, Sapient Services Pvt. Ltd. is the name you can trust. We offer our services in the National Capital Region (Delhi NCR) and other parts of India.
Our Chartered engineers are adept and can handle paperwork, inspection, and verification following the DGFT’s Handbook of Procedures and the FTP 2023–28 rules.
Our Core Services Include:
- Imported machinery’s verification and validation of end use.
- Assistance in submission and documentation of DGFT.
- Technical appraisal and site visit.
- Assistance for the EPCG closure process and redemption.
- For an EPCG-compliant machinery installation certificate.
- For the EPCG application issuance and preparation of the Chartered Engineer Certificate.
- Liaison support with customs and DGFT authorities.
Why Choose Sapient Services for EPCG Certification in Delhi NCR
Experienced team of Chartered Engineers: We have years of experience in the industry and have served both financial institutions and industrial units.
- Innovative EPCG Solution: We handle everything under one roof, from installation, verification, to certification.
- Complete compliance support: From start to finish for export tasks or EPCG approvals, we’ll walk you through it.
- Pan India Reach: From Delhi to Noida, Faridabad, and Gurgaon, we work with customers in every corner of the country.
Integrated Services for EPCG Holders
Using the EPCG Scheme, Sapient Services provides exporters with integrated compliance solutions. We ensure that all the stages are compliant.
Complementary Services We Offer:
- TEV Study and the feasibility of the project
- Installation of certificate services
- Componentization and verification of fixed assets
- Receivable Audits and stock
- Lender’s Independent Engineer Reports
Process for Obtaining Certification for EPCG License
- Consultation: In the consultation phase, documents are accessed, and eligibility is assessed as per DGFT guidelines.
- Technical Evaluation: Machinery specifications and use are verified by Chartered Engineers.
- Certificate Preparation: Chartered Engineer Certificate is issued for the application of the EPCG license.
- DGFT Submission: Through the DGFT portal, documentation-related support is provided for EPCG authorization.
- Installation Verification: Inspection is done on-site to confirm operational readiness and installation.
- Final Certification: The Installation certificate is issued to confirm EPCG compliance.
Documents Required for EPCG Application
You will need the following documents to file the EPCG Application:
- RCMC (Registration-Cum-Membership Certificate)
- Importer Exporter Code (IEC)
- Digital Signature Certificate (DSC)
- Proforma invoice of the machinery
- Chartered Engineer Certificate that deals with the capital goods necessity
- Project report or business plan
- Agreement between the exporter, merchant, and manufacturer, if applicable
Get in Touch With Us
FREQUENTLY ASKED QUESTIONS (FAQ)
Q-1: What does EPCG mean?
Ans: EPCG means Export Promotion Capital Goods. This scheme’s objective is to facilitate capital goods import with the purpose of offering quality services and goods to enhance the export competitiveness of India. The EPCG scheme allows capital goods import for production, pre-production, and post-production without any customs duty.
Q-2: Who can avail of the benefits of the EPCG scheme?
Ans: Service providers, manufacturer exporters, without or with supporting manufacturers and merchant exporters who are associated with supporting manufacturers, can avail of the benefits of the EPCG scheme.
Q-3: What is the requirement for applying for EPCG?
Ans: To avail of the benefits of the EPCG scheme, your user profile needs to be linked with an IEC. In the system, a valid DSC / e-signature should be registered, and GSTN details should correspond to the branches of the IEC.
Q-4: What are the objectives of the EPCG scheme?
Ans: The main objectives of the EPCG scheme are to encourage modernization and the infusion of technology and to improve the export performance of India in the international market.
Q-5: What are the compliance requirements for EPCG license holders?
Ans: The compliance requirements for EPCG license holders are the installment certificate submission, fulfillment of export obligation, annual reporting to DGFT, and usage restriction.
Q-6: Who issues the EPCG license?
Ans: An EPCG license is issued by the Director General of Foreign Trade (DGFT) based on a Chartered Engineer certification and documentation.
Q-7: Why is a Chartered Engineer Certificate needed for EPCG?
Ans: A Chartered Engineer Certificate is needed for EPCG to ensure that the imported machinery is installed properly and utilized for manufacturing export items.
Q-8: Why was the EPCG scheme introduced?
Ans: The Indian government introduced the Export Promotion Capital Goods (EPCG) scheme to promote the export of capital goods. It gives Indian manufacturers a chance to import capital goods with a deferred payment option at a reduced cost.
Q-9: What can happen in case export obligations are not met?
Ans: If export obligations are not met, it can lead to interest, penalties, and duty payment as per customs regulations and DGFT.
Q-10: How can you contact Sapient Services for EPCG Certification?
Ans: You can contact Sapient Services via the Contact Page, or you can send an email for consultation on EPCG and DGFT compliance services.